Thursday, October 17, 2013

Sell Short Position on $CTL,......Scaling UP and Down


Scaling Down and UP 


Scaling Up at 32.87 again and 33.20
Low Range 31.01 and High Range 33.39 for the Business Bridget Gap unchanged
Business Gap Bridget 7.13% unchanged
30% of The Planned Profit on Business Gap 2.14% unchanged
50% of The Planned Profit on Business Gap 3.56% unchanged
Low Margin Requirement 30%,...Low exposure of Capital
Resistance Level at 32.68 unchanged
Self-Correction Level at 32.20 unchanged
Support Level at 31.72 unchanged
Trend Performance "Uptrend" unchanged
Bollinger Band Alert Trading "Neutral" unchanged
Average Price Paid Must be -Above- 
For a Sell Short Position Up at 32.13
Cash Marginable Securities $ 375,500.00 unchanged
Non-Marginable Securities $ 1,251,666.67 unchanged
Scaling Rate 0.33 Cents changed
Follow the Scaling System Up and Down 
Scaling Amount on each level 125,166.67
Cash Flow at 29.96%






Daily Stock Picks Oct 15 2013 Shorts


The first short on the list is CTL, CenturyLink Inc.  (NYSE:CTL).  CTL is in the telecommunications sector and trades on the NYSE.  We like CTL as a short for tomorrow for the following reasons:
  • The stock had a large gap down in August on heavy volume
  • The stock has not been able to move up significantly from the gap down
  • The stock recently enjoyed a two-day rally and has started to pull back
  • The stock moved down today on a day that the overall market moved up
For tomorrow, if the stock is able to drop below $32.50, we will look to short it with a price target of $32.02 as an intra-day trade.  A daily chart of CTL is below:

Opening Sell Short Position at 32.87
Low Range 31.01 and High Range 33.39 for the Business Bridget Gap
Business Gap Bridget 7.13%
30% of The Planned Profit on Business Gap 2.14%
50% of The Planned Profit on Business Gap 3.56%
Low Margin Requirement 30%,...Low exposure of Capital
Resistance Level at 32.68
Self-Correction Level at 32.20
Support Level at 31.72
Trend Performance "Uptrend"
Bollinger Band Alert Trading "Neutral"
Average Price Paid Must be -Above- 
For a Sell Short Position at 32.08
Cash Marginable Securities $ 375,500.00
Non-Marginable Securities $ 1,251,666.67
Scaling Rate 0.33 Cents changed
Follow the Scaling System Up and Down
Scaling Amount on each level 125,166.67
Cash Flow at 9.98%




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