FEED: Bull Flag, buy on strength in Ag
JASO & LDK: Both look good if we see continued strength in solar
WTI: Cup & Handle, buy on oil strength
ATVI: looking good above resistance
GU = BTFO
Now if things get bad and start rolling over, go with Fly’s favorite short, WFC:
March 3rd 2009, It all started with a simple poll, surveying the public if they would buy C near $1/share. Blood was flowing throught the street and nobody wanted to buy stocks.
The following day, March 4th, I decided it was time to deploy a little bit of capital on this long side. Then, the very next day, I wrote a post titled, “Why not buy something?” This was a simple post basically explaining that fear must be bought in order to bank a little coin.
And, then it happened, March 6th, we got “The Mark Of The Beast” 666, which now looks like it may have been the bottom (at least for now).
March 10th, I followed up with anther post explaining that now was the time to buy– The 666 bottom. Nobody was convinced, but I continued to hit you with posts such as these, Am I buying?
The next day rolls around, March 11th, and I wanted to show you how I really felt.
We’re now in the 1st week of April and my stocks are paying huge dividends, my GOOG buy was around $300 and today it closed near $370, just to give you an example.
However, we are near the top of the S&P channel @ 845, it will be critical to see how the market reacts from this point on. I still have a bunch of longs in place, but I’ve also taken some profits along the way.
I recently bought a few bear funds, FAZ & DUG, but I will continue to be in the bull camp searching for longs. As you know, things are always developing…. be prepared for anything.
Comments »I will be throwing up a few charts throughout the day:
YHOO: Bouncing off the 50 day
ATVI: Resistance around $11
AGU: Like it above $40
AMSC breaking out:
GU: Bull flag
LDK: Having a tough time getting over the 50 day, but could rip if it can trade above it.
JASO: right at resistance
Be sure to check back for updates. Feel free to post what you’re watching in the comment section.
Comments »Nothing pleases me more than seeing green on the screen. Unlike most of you guys out there, I actually would like to see this country prosper. Yes, it’s true that we needed a cleansing, but why do you guy wish death upon the world?
Now on to stocks, My positions in GOOG, WTI, DXO, UA are ripping, while my FAZ & DUG eat dirt. Solar seems to be consolidation it’s recent gains with JASO & LDK flat for the day. However, if you notice STP & WFR are hitting intraday highs. If I did not own any solar, I would be buying LDK or JASO right here, right now (proper stops in place).
I’m also watching a few potential breakout stocks like ATVI over $11, PALM, DELL, MA and a few others.
If I was heavy short and looking for a long here, I would go with WTI for oil or GOOG for tech, both are still buys in my book. If I was heavy long, I might nibble at FAZ for a hedge, financials are starting to pull back.
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