I’ll start with the semis, since the market cannot rally without them. I like the idea of buying $SOXL here with a stop underneath today’s low. If we have indeed hit a short term bottom, this could offer a good swing entry here:
I’ll stick with the Semis for a second and look at a few names. Scotty B tweeted earlier that $NVDA is dirt cheap, so you might want to look there. I also like the idea of trying some OCZ here, with a stop under today’s low:
And, if the sector really heats up, there might be a trade in $STEC, should we trade above 7.40:
INSP is another name I’m watching here. I’m looking for a breakout out of this consolidation pattern, on strength, we might see it tomorrow:
$MWW, watching for a continued move higher with a break over the 50 day moving average:
Some other names of interest I found over at Mac’s blog, chartswingtrader.com, are $THLD, $RST, & MGAM. Make sure to check out his blog for the charts.
One Response to Trading Ideas For Thursday
I like OCZ and THLD here as well. Also take a look at IDIX. Looks ready!