"House of Pinchers"

[pj McMulligan]

Greetings fellow traders, wanted to let yall know of alternative potential trading possibilities during these periods of increased uncertainty and volatility. For some time now, the number of stocks hitting the oversold with improving RSI (often associated with Pincher patterns to long) on Stockcharts predefined scans has been consistently decreasing. Recently, there's also been an exponential shift in the number of stocks hitting the overbought with declining RSI (potential "inverted" pinchers) for shorting or placing put options. The ratio of oversold vs overbought on these scans has increased exponentially from 2 fold, to 5 fold, to 10, 20, to 100X's the number of overbought over these past few weeks. A scan on Monday reveled only 1 oversold to nearly 200 overbought with many of these chart patterns showing ideal shorting opportunities fitting a pincher form factor.

In order to see these "inverted pinchers", change your PPO parameters from "12,26,9" to "26,12,9". Following are a few charts that hit the scans today for shorts or placing put options:

http://schrts.co/bHUFmRaM
http://schrts.co/ppfkGDHE
http://schrts.co/gsCQQWmM
http://schrts.co/sYvawAxV
http://schrts.co/NtCtziFf
http://schrts.co/YvYYcrvq
http://schrts.co/pSzucDjx
http://schrts.co/qgKAEcgA
http://schrts.co/DxJAPdMZ
http://schrts.co/TVDuszmB
http://schrts.co/hrPQZrTd

Currently holding pretty much all puts ADRO, AKRX, ADVM, ARY, BHF, BREW, CGEN, CEVA, DAN, DERM, HCHC, ICAD, JELD, LLNW, MTRX, PENN, PETQ, RCUS, RLGY, SNCR, SPNE, THC, TRIL, VNET, VSLR, XLRN with calls in UVXY.

Good luck and happy trading! -PJ