Technical Trades
Technical Analysis applied to Stocks and Futures.

It’s that time folks.

A 2 stock port; long EFA and short PARL.

Charts show the reasoning. I’m currently short-term bearish on the market and EFA should hold fairly strong against a weaker U.S market. PARL sets up wonderfully for a short at current levels. I’ve earlier posted a weekly chart showing where the Fuzzy C is, and price has recently slipped below the major Fuzzy C and a couple of minor ones. The target is a very small gap at $5.00 from ‘04 which is 44% from current prices. EFA long against PARL should reward nicely.