Swing Trades for QIHU, YGE, AAU & ABC
Just by the dip.... that's really all that you really need to know for the past 2 months and counting. Ultimately it leads to complacency and then a lot of people, who thought the strategy would work forever, getting burned pretty darn good. Because when the market starts to drop (and trust me, it always does...eventually) people insist on buying the dip all the way down.
But at this point, there are no worries, because the strategy has yet to fail even once really in 2012. I mean c'mon! we haven't even seen a day where the markets pulled back 1%.
In the mean time, here are four trade setups to take a crack at - a couple of high-risk plays if your stomach can handle, and a couple other blue-chippers.
LONG: Qihoo 360 Technology (QIHU)
SHORT: Yingli Green Energy Holding (YGE)
LONG: Almaden Minerals (AAU)
SHORT: AmerisourceBergen (ABC)
Here are the charts/trade-setups.