Afternoon Update: Two Interesting Setups
The tape is holding up well (flat so far) despite yesterday's big move higher. Two stocks that are looking especially interesting today. Bucket 2 short-side idea: GMCR The narrow trading range since early December will resolve in either direction soon. A break below $44 is what we are interested in to open a short position. […]
Transportation Stocks Need To Get Jiggy With It
If the broader market wants to get some more ups in coming days or so we'd need to see the transportation stocks (IYT) to participate. A push above the $91 area may give them some hope for higher levels…watch it please.
Porfolio Holdings January 4
Cash 87% Bucket 2 Symbol Open D Direction Sectors Avg Entry Stop Target 1 FDX 12/16/2011 long Indu 85.1 80 90 MMM 9-Dec long Indu 81.73 77.5 85 SBUX puts 3-Jan long April 45 strike puts Cons Cyc 2.76 Bucket 3 Symbol Open D Direction Sectors Avg Entry Stop Target 1 […]
Morning Thoughts January 4
It was a quiet but positive start to the year yesterday. Equities opened sharply higher and spend the rest of the day consolidating the big up gap. The bigger picture chart of the S&P 500 shows we are still holding well b elow the broken up-trend. We have room higher…into 1360 or so…but above there […]