9 Mo Chart:
Intraday Chart:
You Guys Are Lucky…
you still have a chance to get long the market.
As long as we steer clear of bad news hitting the tape, like World War 3 or some shit, I would say this market is ready to rip higher. And, I’m not taking about a small move, I’m taking about a “Fuck you I have no long exposure, buy it at market, buy it at market!” type of rally. Don’t you want a piece of that?
I can see the stars aligning as I type. The bears are ripe (135% ripe), $GOOG looks phenomenal, $GS had a strong finish, and don’t forget M&A Monday.
I look at charts day in and day out, 1000s of them per day. If I was scanning and came across the chart below, I would mark it for high priority for the following day. Just like your $RIG “BTFO” this week, the same can happen to the overall market.
Oh, and by the way it’s option expiration week, how convenient.
WHO DAT?! TYPE RALLY:
[youtube:http://www.youtube.com/watch?v=0lHe6MtmEDk 600 400] Comments »GOOG: Top Pick
The Android operating system has come a long way, and stands the best chance to dethrone $AAPL. I would never trade my iPhone for one, but not everyone is an $AAPL lover like myself.
The trade sets up perfect here with price right above the 50 day moving average. If the trade goes against you, you have a clear stopping point. As for me, I have no stop, the stock is cheap here. Check my 2010 predictions for more notes on $GOOG.
Full disclosure: GOOG is my largest position
Do You Really Want To…
Short this market here?
Now if we’re talking about shorting $RIMM, that is a different story:
RIG: Long Idea
Watchlist
$CEVA broke out today on an upgrade and has my full attention. The Fly says the story is almost to good to be true. Put it on your watchlist:
$HNR, my stock of the year is looking right here:
$BWLD, I will be buying strength and I will be buying weakness. Would love a pullback to $43:
The casinos had a great day today, and one on my radar is $MPEL. “Hall of Fame Gunners” took down a position, and I will be joining him on further strength:
And, then there’s $ID. This is a stock that has been on my watchlist for a while. I think the time might be right soon:
I will me MIA (missing in action) tomorrow, as I am going to wish my boys a good start to the year.
WHO DAT?!
[youtube:http://www.youtube.com/watch?v=ld_gkJ7CwO8 600 400] Comments »
