If I tune out all the noise and simply pull out the chart, the chart is telling me to buy strength. I like that price is above all major moving averages and is flagging right near resistance. This, my friends, is a recipe for “BTFO!”
You must admit, the chart looks pretty bullish, no? I understand things can change at the drop of a dime, but for now, and until further notice, the chart still says long– especially above the 200 day moving average.
Comments »$MOT is breaking out here, I am long the stock and recently bought a few call options, all trades listed in The PPT:
I also started a position in $TZA today, will exit if the market breaks above 1,130.
Comments »Henry Fool’s stock of the year is breaking out on heavy volume. Does the stock have legs? or will I get IMAX’d?
Stay tunned…
As far is the market, I think Wednesday will be a $TZA day. No sense in posting setups, just ride the $TZA wave lower.
However, if we get above 1130 on the S&P, swap it out for some $TNA, and ride that fucker to the moon. Because, at the point, there will be no bears left.
Comments »A reader emailed me when I posted an earlier chart of $BWLD, before it made its recent run. He simply asked, in a sarcastic manner I might add, Do you really think $BWLD could hit $49 soon, and fill the gap? My respond, absolutely.
Current chart:
Indeud!
The rest of my positions are again on fire this morning, make sure to follow along in The PPT.
Comments »Expect Resistance here:
S&P 500, at the top of the range:
$GS, right up agaist the 200 day moving average:
________________________________
$BBY is looking good heading into earnings:
$MOT breaking out here, DroidX 4tw! I don’t own one, but I own the stock. Indeud:
$RIMM Do you really want to own a blackberry?
$GEOY, images from the sky breaking out: #youhavenoprivacy
$CEVA, one of Fly’s top picks, looks great:
We ate this for lunch Monday afternoon in The PPT, $CMED:
What happened to Ag? Remember $POT just a few weeks ago? $ANDE looks best:
$WTI is one of my favorite small oil companies, love the look of this chart:
And, I leave you with $KBH. The homebuilders look like they are just getting started:
Indeud.com
Comments »Monday are always hectic for me, but today was out of control busy. As for the market, it still looks good here, and I am still thinking long. And, if GOOG dips just a little here, I will add a few options to my current position. The trade is good for about 40 points, as my short term target is $520.
I will be back later with a few more setups, still playing catchup from the day.
Comments »
