We gave our daughter an epic birthday party this weekend (dinner out with a bunch of friends, took the same bunch to the Something Rotten musical in San Francisco, campout in a big tent in the back yard, s’mores over the fire pit, swimming in the pool, and crepes by me). So I’m crouched in a corner right now, suffering from blogger’s guilt, putting together a little post for my readers. Even Sunday is not a day of rest, although God-ordained, for Tim-bot.
So here are three ideas I’m short (out of my 48 positions) that I found of special interest. First up is ACADIA Pharmaceuticals Inc (NASDAQ:ACAD), which is sporting a well-formed diamond pattern. If broken, this becomes a powerful reversal pattern.
Next is Advanced Micro Devices (NASDAQ:AMD). Semiconductors had an incredible run until a few months ago, and they’re all starting to fizzle and pop. AMD seems especially prone to failure to my eyes.
Lastly is Buffalo Wild Wings Inc (NASDAQ:BWLD), which has been “Old Faithful” lately. This is a massive topping pattern with plenty of downside potential left.
