Har Har Har.

(BIDU: 110.35 -1.24%) I think you can pick up a short on this one.  Previous times that the stock crossed the 10-day in our current bearish phase have been met by more selling.

So I have two shorts.

1.)  The 10-day cross, with an objective at the bottom of the channel and a stop on a close above the 10-day.

Short: $240     Stop:$250      Cover: $225      I am using a CLOSE above the 10-day, and as such don’t expect it to be 246, on the dot.  I am using $250 as a more probably close, if indeed this thing has turned around.  Using $250 as a stop thought gives this trade considerably weaker risk:reward, but I think will work due to the tech sector’s unabated weakness.

2.) I think this recent break of the ten-day is too close to rising support and will break it, sending it down to my target of $190, shaded neon green.  The thing is though, is that if it made it to 190, I would look to press my bet, due to being so right and would only cover on the violation of a downward trendline, probably the 10-day.

This bearish idea becomes invalidated on a turn around with strength into the brown square ($260-280). Unlikely from my vanatage, though you can never tell for certain with these wild solar burrito stocks.

Put it this way––(GOOG: 259.56 -7.36%) sucks, and you’re gonna go long BIDU?   Ed Zachary.

(PWAV: 0.43 -2.27%) –– They are the platypus of the wireless space.  This bag of garbage may be so small and terrible I don’t even know if you CAN short it anymore, sub three. If so, you may have a great broker. Anyway, ride it to zero I suppose is what they say out west.

Stop on a close above the 10-day but I bet you can get a quick buck.

Finally, from the as-of-yet unmentioned sector du jour, steel.  I notice it because it has held the breakout…so far.  One to watch.  On a breakdown below 38, I’d take profits at $36, $34 and at $32.  See this chart for another look at TX support levels.  On a breakout, there’s no OH resistance.  Keep in mind fast money has to go somewhere, and steel has been working.  So, despite market horseshit, I am looking more for a long here.