iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Stocks Take the Stairs Up and the Elevator or Escalator Down?

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We are in a holding pattern this afternoon on the major index charts, with bulls arguing a double-bottom intraday and bears claiming a bear flag about to resolve lower.

On the S&P 500 Index 5-minute chart, below, I am looking at a rough 1660-1666 range to watch for resolution.

Some notable long ideas standing out in today’s tape: GIMO YPF. And as far as short ideas, I am still keeping an eye on DPZ to finally crack from a very stretched multi-trend, even after its post-earnings comeback.

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SPX

 

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6 comments

  1. gappingandyapping
    gappingandyapping

    I be elevatin biatch!

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  2. Option Addict

    That newspaper clip is truly a gem.

    That guy might not realize it, but that is human-highlight material.

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