Plans for the Rest of the Week

With The Fly coming out of retirement, I have to hand the keys to the machine back to its rightful owner. But it’s ok. I got great (quantum) mileage out of it yesterday & today, banking more coin than the rest of this year combined.

For the rest of this week, I will be taking it easy, managing my existing positions (especially those long straddles in [[GOOG]], [[RIMM]], [[JCG]], [[TTWO]], [[NG]]) and watching a handful of stocks.

The watched stocks include (sorry, no charts):

• [[AMGN]] – support/resistance at $44.50-45. Looking for a break either way…
• [[AXP]] – similar situation with resistance at $44.50. I’m definitely bearish on this though.
• [[CPO]] – on it’s way to $40 and looking to break higher
• [[GME]] – Look at DMI/ADX – showing a possible trend reversal. Looks like it wants to start a new uptrend? Held support @ $42, broke resistance @ $46. Next level is at $49.
• [[PALM]] – support @ $5.25; oversold

UPDATE/GENTLE REMINDER:

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