Bucket 2: CRM long-side Idea
Another candidate for potential year-end squeezage is CRM. This momentum-trader favorite and otherwise volatile nutcase may just be something that the fund communtiy tries to chase into end of November or so. We would be interested on a solid daily close above $137
Bucket 2: CAT Potential Long-Side Idea
we have discussed CAT continually in September and October and here it is again. the stock is at major crossroads with resistance at its 200 day moving average and the 61.8% retracement. The stock has decent respect for the 200 sma as support and resistance so this should be watched closely. A break above it […]
CSCO Daily Chart
nothing actionable right here right now, but very important to watch either for a breakout or for a mean reversion (lower) trade setup…
Today’s Morning Market Video
Today’s Morning Market Video: http://www.youtube.com/watch?v=tiHr162iGMc&feature=channel_video_title
Morning Thoughts November 14
As we look at the markets this morning Mr. Monti is the new PM in Italy, Merkel is issuing all sorts of new urgency on the bailout plans, yet stocks and bonds in Europe are trading lower. Last week was a serious chop-fest…although stocks traded higher four days out of five, it was Wednesday's trade […]
new bucket 2 short trade in WYNN
we are short WYNN as of late this afternoon for a bucket 2 trade. the first target is at $128, the gap fill. the final stop is at Friday's high.
BAC…starting to like from the long side…
it's an if and when trade…i.e. a close above $7.50 would get us long for a bucket 2 trade. bank indices like the BKX and XLF are above resistance points and still acting well enough to continue this push higher after a pause. first note the 2011 downtrend that is for the very moment still […]
mind the gaps!
the chart here displays a 15 minute chart of the S&P 500 emini futures (december contract). note the 10 point gap above the market (upper gray zone) and the 20 point gap from last thursday below the market (lower gray zone). one of them should fill either today or tomorrow.
Stocks to watch should we move higher still:
Gap Fill Plays: NFLX, LNKD TZOO, X, WAG
Walgreen interesting above $34.80
1) WAG is currently trading at the bottom of a three year channel….a very wide trading channel. 2) on the daily chart there is resistance at around $34.70 and the 50 sma (yellow line). A solid daily close above $34.80 may be a solid long-entry for a bucket 2 try