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

Late Night Strategy for Friday

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If we see weakness after the jobs report tomorrow I like Nike as a short, seen on the first daily chart, below threatening a crack below $74 from the bear flag. Also note the potential for a double-top in play after a multi-year, steep uptrend.

And regional bank TSC looks like a hidden gem on the long side, attempting to break higher from a tight base. Despite being thinly-traded in terms of volume, this one has distinguished itself from the otherwise-sloppy regionals.

Drop me your top tickers overnight.

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NKE

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TSC

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3 comments

  1. @cometkarov

    $GLL : Leveraged Short on Gold Bullion : I caught it @ 81 / added Apr GLL Calls this afternoon: As much as the Employment report is a wild card-I feel $GLD is headed for an “excuse” to test/break 2013 lows : Jobs report certainly a potential catalyst/excuse

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    • ironbird

      Good jobs number short gold! Lol. The sun is rising short gold! Good luck.

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      • ironbird

        Seriously. No opinion than too hard. Good luck on the death to gold trade.

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