Low risk setup, long here with a stop right below trendline.
Deploying Capital
Watchlist
Within the matrix of The PPT, you get to set up a public watchlist viewable by ever member in The PPT. My list includes stocks I would love to buy on any further dip.
Here’s a snapshot of my watchlist, along with some other cool features on the right. One of my favorite features is the Overall market hybrid score, top right.
Be Ready
They don’t call it turnaround Tuesday for nothing. Watch the Vix, breakdown below $50. Also, take a look at the S&P double bottom on the intraday 5 min.
We could run a bit here, hope you have your shopping list ready.
Comments »Thoughts on C
I’m embarrassed to say that I own Citigroup, I picked some up about a week ago at 1.80 as a spec buy. I look at it as call option that never expires, however it could very well expire to zero. I’m curious to know if anybody else owns it?
(C) current market price: $1.25
Comments »Morning Update
I have no desire to get long right here. I think Chart Addict sums it up pretty well, we have not yet reached a capitulation point, longs beware.
Last night, Fly gave a great shopping list of stocks to buy for when we do hit that point. The list can be found here. For now, I will use words from Danny’s soon to be famous NL, be patient and let the setups come to you.
Top pick: Cash
Note: AZO continues to preform well
Upcoming earnings, Wednesday:
- Big Lots, Inc. BIG
- Joy Global Inc. JOYG
- MINDRAY MEDICAL INTL LTD MR
- Sigma Designs SIGM
- Toll Brothers TOL
- YAMANA GOLD INC AUY
