Disney (DIS) IS Ready To Shot Higher – Let The good Times Roll
Let's face it, Disney World is an awesome place, for young and for old. I know I sound like a TV ad, but the stock performance speaks for itself. DIS has been on a tear the past two years and for a good part of 2010 and all of 2011 is making continuously new highs. […]
IS S&P 500 $1330 Our Next Target Again?
Folks, people are really getting squeezed here. Maybe 1330 is where we have to go to clear all the stops. If we stay above$ 1330 I will tilt to the long side with some SPY calls. The below is a 20day 30minute chart of the S&P500 EMini Futures. Note the high just north of […]
Morning Thoughts December 2
The rally so far this week has been steep and we are immediate-term overextended in equities an most risk assets for that matter. Our game plan remains to be short some SPY for bucket 2 in the immediate term while looking for buyable levels near the 1200-1230 area on the S&P 500 for a […]
Dollar Index vs. SPX Intraday
Because you were wondering…here's our intraday chart of the dollar index versus the S&P 500 futures intraday…follow the way of the dollar index… it's a 5 minute chart…red is the dollar, orange the S&P 500 futures…
Last Chart For The Week: MMM
So here's our buy wish list for next week – should we get a buyable pullback: SPY, OIH, APKT, CAT, MMM We may not buy all of them, but we will watch them all. Below is the chart of MMM, 'it's a beaut' clark'
Morning Thoughts November 2
If the past five trading days weren’t nutty enough for traders I’m not sure what will qualify as such. After a massive rally into the second half of last week, equities plunged on Monday in tune with Halloween. Stocks still posted big gains for the month of October with the S&P 500 gaining around eleven […]
CAKE, a stock to watch
something we often do is scan for stocks that find good support/resistance at their respective 50 and 200 day moving averages. CAKE is one of those stocks and is currently residing just under its 200 sma. too early for a trade right now but something to watch. a good sell signal here in terms of […]
staying away today
it's a bad day for decision making in the markets today: too much news headlines from bernanke and europe later today banks and energy are leading today's tape higher…at least so far we would be interested in a little long-side exposure for bucket 2 via MS or BAC on a strong close today. we tried […]
Two Ways To Trade Target (TGT)
Retail giant Target Corp. (NYSE:TGT) has come back on my radar as the stock sits in a crucial area that has potential both to the long and to the short side. On the weekly chart note a multi-year area of resistance around $60 while multi-year support comes in around $45 (the $15 in between […]
Industrial Stocks Under Severe Pressure
After rising close to 160% from the lows in March 2009 to the highs in early May this year the industrial stocks as a group as measured by the Sector SPDR Industrial ETF (ARCA: XLI) have come under pressure and broken the blue up-trend line, which is a development worth noting. The early July […]