A Couple of Ideas to Swing

CMG may still very well be a short idea, one we had on the Watchlist for Members last week. Even with today's gap down, the updated monthly chart, first below, still shows that the highlighted rising channel may only just be getting started in terms of the breakdown. I suppose CMG getting bought out is a risk. But I suspect if they were going to be bought out, it would have already happened by now. 

And recent-IPO PYPL made some noise late-last week with buyout chatter from AXP. Either way, the chart has had at least some time to try to base out since its post-IPO selling. 

PayPal may be setting up as a swing long back over today's highs of $37.31. 

Overall, with the market seeing rotation on a daily basis it remains a narrow environment in terms of swinging names overnight. But these are two ideas on my radar now.