And, I think the odds favor the bulls, aka the government.
Let’s take a look at the leader of the Market, Goldman Sachs Group, Inc. [[GS]] . This has been one of the great tells in the market, and as of right now, the stock is breaking out. Notice the move straight through the 50 & 200 day (very bullish):
If the bulls really get running after the jobs report, Citigroup Inc. [[C]] might not be a bad play here. With the stock trading right above the 50 day moving average you have a clear exit plan, buy here and set your stop below the 50 day:
And, if it looks like the bears take control, it might be worth a shot to take down some puts in American International Group, Inc. [[AIG]] . The stock failed to close above the 50 day moving average today, and on weakness this one has some downside.
Note: For some reason Freddie Mac [[FRE]] & Fannie Mae [[FNM]] are popping up on a few of my screens so keep an eye on them– more government fuckery I’m sure.
And, if you sense a stampede coming by the bulls, here are my top short squeeze plays courtesy of The PPT:
Here’s an update on March Madness, it looks like we will have a great matchup between JakeGint & ChartAddict next week.
And, as always, find other stocks I’m watching inside The PPT.
Here’s one to watch: http://chart.ly/gy9kw6
Here’s a correction to the Madness on the March Madness spreadsheet. Last week I beat the buttons off Mrs. Buttons to go head to head with Bo Peep, err Po Pimp. For some reason my stock selection appears at the bottom of the page, CNXT . Anyway before the page became mishmash a day ago I was getting whipped by my opponents WEMU (a bulletin board stock with a .65 spread which probably should be illegal) the same one who beat my hero, RC’s RIMM. I should be out for the count since this week CNXT is issuing shares at a deep discount, thank you very much. Maybe that may be one of those automatic screamin BUYS….. am I right? or am I right? or am I right?
WEMU advances to the Sweet 16.
Believe dat.
Me vs. CA is like L’ville v. Doooook, although he’d probably prefer his Terps (didn’t they beat Duke this year?).
I’m hoping CREE is just gestating here and not getting CREEky on me. It’s not responding w. the rest of the market today, which gives me pause.
Luckily, Chuck’s Drank dropped 25% earlier this week, or else he’d be killing me today.
______________
bot some BEE on it clearing 3.07 resistance – decent volume
also looking at RNWK
SQNM looks ready to pop.
Again.
I got rubbed out of March Madness by Goldie…but I’d be killin’ it this week.
Flags: Just to mention a few …….
HERO
OCNW
RJET
ARIA
NXTM
LAYN
WLK
ETM
AHC
SUPR
FCEL
ENER
HNR
AGM
LNG
LTXC
ETH
FBN
TRW
KWK
XTXI
CHU
USU
SGMO
LIWA
CPSL
Hey Ragin’, check out CCE and DAL. I think both deserve to get kicked in the face next week.
Have to agree, looks like the meltdown that I suspected might be coming, has at the very least been postponed. I might scalp a few trades, but I’m not getting too involved until we get past Dow 10725.
Also watch Goog@ it’s 50 day.
GOOG has the 100 day to contend to with also. If it can move above those game over man.
Go DYP! Chinese printer factory ftw!