Trade Ideas for Week of 01/27/14

SPH If market weakness continues, I think this heads lower. Look for this to crack under 44.30.

TE Looks like it has more downside potential. Look for a dip below prev days low.

AMZN went short under 400. Think this has more downside. Hoping it cracks 380 soon.

LPX looks like a broadening wedge here. Short under the 200 day and volume, but watch out for a bounce to stay within the wedge.

MDR Another one that looks like it will break the 200day support level. Look for a break with volume. Hopefully a weak market will spur the move.

TXI I think this has more upside potential to trade at a new high. Watch out for traders taking profits. This may flag with a gradual move upwards.

WAT I think this has more downside especially in a weak market. May not be a big winner unless it can break 20day support.

TZA Hitting a nice res level here. May pullback to test 20day so look for an entry there.

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