One Word for New Ideas: Plastic

I am already short AXP and V. And I continue to see setups on the short side emerge in the credit card space. 

If you have followed my work for a while, then you know back in 2010-2011 I wrote up the bullish prospects for major credit card players as long-term plays, such as DFS and MA, based on their multi-year coiling chart patterns.

And now I view the group as representing colorable opportunities, only this time on the short side of the trade. 

On weakness, MA can be deemed a similar type of short setup as V, breaking a daily chart min bear flag not far from recent highs. 

AXP has shown relative weakness for a while now, a big reason I went after that one first on the short side. 

And now DFS is enticing, particularly if the highlighted daily chart pennant breaks lower. If Discover loses $58 I would argue it is an actionable short setup, targeting fresh lows below $53 with a stop over $61. 

I recognize that these are not popular ideas for many traders at this stage in the bull market. But the long ideas years ago were not particularly popular either, back when sentiment truly was more doubtful of the bull and the recovery. 

But popularity is not the goal--Trading and analyzing what I see is.