Top of 10 day range right NOW
Portfolio Holdings Dec 16
90% cash Bucket 2 Symbol Open D Direction Sectors Avg Entry Stop Target 1 FDX 12/16/2011 long Indu 85.1 80 90 SPY 14-Dec long INDEX Bucket 3 Symbol Open D Direction Sectors Avg Entry Stop Target 1 GDX 7-Nov long 63.04 56 65.5 […]
Bucket 2 Trade Idea: FDX
Fedex (FDX) reaffirmed its guidance and technically looks like it could be a potential candidate to buy if Santa wants to make one last attempt at a rally. A close above $84.50 on solid volume would get us long Bucket 2. (See the chart attached). Note the long hammer candle ( long tail) from yesterday […]
Long FDX
We are now long FDX (FedEx) for Bucket 2 as of 10 AM ET today
Morning Market Video Dec 16
http://www.youtube.com/watch?v=V41HexuDBkM&list=UUQ4DGEIyKYW3W8f4lRoE8Cg&index=1&feature=plcp
Quick Thoughs for Wedneday’s Trading Session
As mentioned earlier I will be travelling today and hence not in the chat-room until 3pm et or so. First, the bank downgrade after the bell yesterday took the futures down about 7 handles immediately but that was about it…so all in all not a huge event as of the time I am writing this. […]
Travelling Tomorrow
Subscribes I will be travelling tomorrow and not in the chat-room until aroudn 3pm et or later. If something urgent comes up to trade I will have one of my guys post it on the blog here. Otherwise please refer to the afternoon update from today (Tuesday) for our game plan. Serge
Morning Thoughts November 29
Yesterday's snoozy session ended with the machines trying to fill parts of the large open gap..but as one would have thought they failed as the S&P 500 closed the day right in the middle of its trading range. We now still sit between two huge gaps (see chart below of the S&P 500 futures), of […]
Update on the Nasdaq 100
please note the large gap from November 21 on the chart of the NDX. If it fills the index would find good next resistance near 2285. Keep this front and center as it may also give clues to AAPL, and vice versa.
Update on WYNN
after taking 50% profits last Wednesday as discussed in the chat-room in real time and posted on the blog, we are now looking for the next level higher where we would add to this short position again. That level for now looks to be between $117.50 and $121. We will update you as we get […]