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CAN DONALD TRUMP SAVE TWITTER? APPARENTLY NOT. SHORT TWTR.

|Includes: AMBA, LABU, NDLS, NSM, RGLS, Twitter, Inc. (TWTR), X

VOLATILITY FRIDAY: THE LONG AND THE SHORT OF IT


Feb. 11, 2017 1:42 AM ET•TWTR, NSMComment!

Disclosure: I am/we are long NSM.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I AM SHORT TWTR.

Volatility continued on Friday -- what to make of it?

We have watched CRASHES occur in individual stocks -- from VNR last week, CDE this week, TWTR today, SHLD (reverse-crash?). I think the market is very thin -- and when bad (or good) news hits, there are not many buyers to cushion small panics.

We thought that Donald Trump might save Twitter -- which we feel is a very vulnerable company. What it provides can be provided easily by other players that are better positions and stronger -- and not a one-horse show like TWTR. Until Trump came along. Our thought: can President Trump save this company? Maybe not.

TWTR ruptured support today -- and we rushed out to SHORT more shares.

When we awoke to look at the new, we were disturbed by another headline: "SEARS SOARS". We are short SEARS (NASDAQ:SHLD). It was up 24% after "ABYSMAL EARNINGS" were supplemented with vague promises from management -- and promises to sell everything in their company that was valuable and lay-off thousands.

www.zerohedge.com/news/2017-02-10/sears-...

I was afraid to look at the SEARS chart, expecting a dismal trashing of our short position -- didn't happen. A 24% gain didn't do much damage to this short position.

We have a few new LONG positions we also really like.

We've been waiting a while for X to turn TRADING TRIGGER positive again. It has; as has NSM -- also one of our favorites here.

The chart above shows how breaking through near-term resistance IS a pretty powerful BUY SIGNAL.

Another stock we love is giving a TRADING SELL SIGNAL. This is good. We have no position in IRBT, I-Robotics. Now it will correct a bit. We want to get in. We have a BUY ORDER at 63.17.

Here is a list of Trumpet 3 trades today -- AND a list of PENDING TRADES (long and short) at specific Resistance (NASDAQ:LONG) or Support (SHORT) levels.

Column1 Column2 Column3 Column4 Column5 Column6 Column7
2/10/17            
             
             
TRUMPET 3 TRADES          
             
CLOSED POSITIONS          
             
NONE            
             
OPENED POSITIONS          
             
    STOP-SHORTS STOP-LONGS      
SYMBOLS CLOSE RESISTANCE SUPPORT PROP1 POS ISSUE
             
AMBA 54.52 65.78 46.8 3 Long Ambarella
KERX 5.45 6.49 4.54 1 Long Keryx Biopharm
NDLS 3.9 4.75 4 -25 Short Noodles
NSM 19.47 19.69 16.78 5 Long Nationstar Mortgage
PEIX 7.65 10.95 6.85 1 Long PACIFIC ETHANOL
RGLS 1.175 2.6 1.15 -19 Short Regulus Therapeutics
RH 25.32 39.28 27.82 -25 Short Restoration Hardware
X 37.6 38.19 30.71 5 Long US Steel Corp
TWTR 15.58 18.77 16.22 -3 Short Twitter
             
             
PENDING POSITIONS          
             
    STOP-SHORTS STOP-LONGS      
SYMBOLS CLOSE RESISTANCE SUPPORT PROP1 POS ISSUE
             
ARNA 1.47 1.67 1.35 -21 SHORT PENDING @ 1.35 Arena Pharmaceuticals
AZO 740.65 818 681.01 -1 LONG PENDING @ 818 Auto Zone
CDE 9.44 12.09 8.7 -5 Long PENDING 12.09; Short Pending 8.7 Coeur D'Alene Daily
FSM 6.66 6.91 5 3 Long Pending @ 5.00 Fortuna Silver Mines
ICON 9.64 10.73 7.29 -5 Long Pending @ 10.73 Iconix Brand Group
IRBT 54.31 63.17 28.02 -5 Long Pending @ 54.31 I-Robotics
MTZ 38.85 41.9 34.35 1 Long Pending@ 41.9 Mas Tec
NOG 3.3 4 2.65 -5 LONG Pending @ 4.0 Northern Oil and Gas
PBR 10.42 11.56 9.14 -7 LONG Pending @ 11.56 Petrobas Petroleum Brasil
RIG 13.35 16.16 8.68 -5 LONG PENDING @ 16.16 Transocean Ltd.
SGYP 6.17 7.15 5.43 -5 LONG PENDING @ 7.15 Synergy Pharma
TTI 4.94 5.27 4.31 -11 SHORT PENDING @ 4.31 Tetra Technologies
WDRW 9.0567 10.63 8.9051 -25 SHORT PENDING @ 8.9051 * Regions Banks Bearish ETF 3x (NO)
WMB 28.44 32.69 19.6 -1 LONG PENDING @ 32.69 Williams Companies

The market is going higher. TRENDS are +15 on the day; +6 on the half-week. TEMP is a bullish 81.7°; TRADING TEMP a very war 77°.

We are LONG the UDOW. We have a trading system to regulate anew our UDOW trading.

Now let's look at pictures of some of today's trades and signals.

AMBA, Ambarella, is a BUY.

We're not sure what to make of the biotechs. Some are moving up. Some of our strongest SHORTS are from the biotechs also. KERX is a BUY.

NBIX is a BUY.

LABU SEEMS to have made a long-term breakout. But we've been fooled before.

SRPT is struggling to hold its rally together.

TWTR is a SHORT. Here is a fuller picture.

NDLS is a SHORT.

PEIX is a BUY.

RGLS. This should be above with the biotechs. SHORTSELL.

RESTORATION HARDWARE is a SHORTSELL. It broke through Support, which is a statutory SELL-SIGNAL.

And, finally, an update of our LONG POSITION in TUR, Turkey Stocks Bullish ETF.

A lot to look at. Have a good weekend.

MJC, CGTS

Disclosure: I am/we are short TWTR, SHLD, NDLS.

Additional disclosure: I am long X, NSM