Pivotal Week

The S&P closed just beneath the 50 day moving average Friday, and my search for long ideas has not went all that well this weekend. We also have earnings to deal with that could sway the direction of the market. I think something like 180 of the 500 stock in the S&P are reporting this week, so be ready for anything. Here is a look at the daily chart of the $SPX:

Thursday low is the line in the sand for me, 1370. Below that, things could get ugly quick. Here are a few trading ideas I have heading into the week.

$KORS, this one looks ready to fall off a cliff as does the rest of specialty retail. Watch for a breakdown below 41:

$BKE, another retail name that looks vulnerable:

Here’s another one that could see a imminent breakdown, $INVN:

My long ideas are slim heading into the week, but that could change quickly. Here are a few I’m looking to buy strength.

MR:

$STAA:

$HSFT:

 

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Previous Posts by RaginCajun

Pivotal Week

The S&P closed just beneath the 50 day moving average Friday, and my search for long ideas has not went all that well this weekend. We also have earnings to deal with that could sway the direction of the market. I think something like 180 of the 500 stock in the S&P are reporting this week, so be ready for anything. Here is a look at the daily chart of the $SPX:

Thursday low is the line in the sand for me, 1370. Below that, things could get ugly quick. Here are a few trading ideas I have heading into the week.

$KORS, this one looks ready to fall off a cliff as does the rest of specialty retail. Watch for a breakdown below 41:

$BKE, another retail name that looks vulnerable:

Here’s another one that could see a imminent breakdown, $INVN:

My long ideas are slim heading into the week, but that could change quickly. Here are a few I’m looking to buy strength.

MR:

$STAA:

$HSFT:

 

5 Responses to “Pivotal Week”

  1. PMI has turned into PMS

  2. Hello there Nice wewebsite. Do you want to visitor post upabout mine someday? If so make sure you inform me by means of e-mail or perhaps reply to this kind of remark simply due to the fact I enrolled in announcements and can know should you.

  3. You made some first rate factors there. I looked on the web for the difficulty and found most individuals will go along with along with your website.

  4. Hello there I like your wewebsite. Would you like to guest post in mine at some point? If that’s the case you should tell me via email or just answer this particular opinion simply due to the fact I subscribed to announcements and definately will realize if you do.

  5. Attractive section of content. I just stumbled upon your weblog and in accession capital to assert that I acquire in fact enjoyed account your blog posts. Anyway I抣l be subscribing to your augment and even I achievement you access consistently rapidly.

Comments are closed.