SRS & FXP here.
I’ve been highlighting the two all week, they still look good, even with new money.
S&P 500 Update:
Stocks To Watch
A Cajun favorite, SIGM:
Woodshedder’s long lost brother, GIGM:
The Crackhead, GNK:
Blue’s sun, LDK (sitting on support)
Video Watchlist Update
AMZN caught a downgrade yesterday, and still has some room to fall.
BIDU gapped up this morning for whatever reason, but quickly retreated @ $120 (where you should have got short)
FXP still looking good.
GS Breakdown, I want to short it again on market weakness.
This one was not on video, but almost made the cut. LOPE, recent IPO, looking to breakout to new highs.
SHLD, watch for the gap fill, or watch for a breakout above $50
SRS pulled back right to our buy point and looks good here for those that missed it. Easy exit point if it goes against you.
S&P update:
Technical Update
Cajun Short
I shorted XOM @ 77.30.
Trades working from the watchlist: SRS, FXP, BIDU short, AMZN short, GS short (I’m in a bunch of them)
Comments »Weekly Watchlist
[youtube:http://www.youtube.com/watch?v=NWYFh8KPLwg 620 400]
- GS, watch for a breakdown if financals are weak.
- SRS, get long above $61.50
- SHLD, get short with a stop above $50, get long above $50
- BIDU, get short below $120, get long FXP above $40
- GNK, get long on strength
- TSL, get long on bull flag breakout
- AMZN, watch for breakdown/breakdown
- YHOO, inverse head and shoulders breakout?
- RIMM, get long over $49, otherwise stay short
- XOM, looks ready to rollover on a trendline break
Bonus from Shortbus: YRCW
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