Long and short idea here.
Facebook is bull-flagging nicely in the resurgent social media space. Look for strength over $75 today.
Herbalife is still a mess, vulnerable to a major breakdown here and a short idea. Note the major topping out pattern still very much in play.
________________________________________________________________
________________________________________________________________
The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday.
I like the following long ideas only on further strength this week. I recommend that you keep protective stop-losses on all trades, not much looser than 7-8% from where you initially buy. Also, please be sure to check earnings dates for any and all of your holdings.
- AAPL
- CPL
- GDX
- GLNG
- GPRO
- RGLD
- SLW
- SWC
- TTWO
- XRX
Please click here to continue reading
Comments »
If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.
Enjoy tonight’s video, and enjoy your evening.
Comments »
TWTR earnings after the bell should be interesting. Who is playing them? How are you positioned?
The market remains choppy and divergent, not to mention grinding summer trading seeing me do very little in terms of new trades.
Still, I am staying on top of things in order to be prepared whenever the market changes character.
Stick around for my video market recap after the bell.
Comments »
One of the bigger disappointments in the spring and early-summer months has been natural gas.
The ETF had a textbook, aesthetically pleasing symmetrical triangle consideration after a stellar rally this winter only to bust down through it like an Olympic ice skate suddenly struck with a case of vertigo.
At any rate, if you are looking to bottom-fish natty here for a quick flip, a good rule of thumb is to understand you are dealing with damaged goods and should therefore keep a no-nonsense stop-loss below today’s low of $20.59 in order to avoid another leg lower.
_______________________________________________________
