06Apr2:58 pmEST

You Can't Roll with That...or Can You?

Although I have been deriding the broken charts of P and YELP for many quarters now, downtrending junior marquee issues (with decent institutional sponsorship obviously not too keen on them now, therefore neither should we), if the market is going to start rewarding the ugly charts out there this quarter we should now pay closer attention to them

Both P and YELP are heavily-shorted and report earnings in a few weeks, which may give us time to play them for quick squeezes if they can clear and hold over their respective 50-day moving averages (dark blue line on daily charts, below). 

It is obviously very early in Q2 2015, so let's not get carried away.

But I would not want to be caught short P or YELP here, at a minimum. 

Opening Day Not Just for Bas... Stock Market Recap 04/06/15 ...

 
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