If we get a pullback in the market, watch for $NFLX to breakdown. As of right now, the stock is testing today’s low, it could get ugly on further weakness.
Market Tells
We are on the brink of a major move in the market, and I think the direction will be pretty clear in the coming days. Fly has an interesting study up on The PPT blog, and I suggest everyone check it out.
Aside from the hybrid score, two things in particular I will be watching are $GS and $GOOG. These two market leaders have been great tells on future market direction and both are at critical technical levels.
$GS: trading range is getting tighter, it has to break one way or the other.
$GOOG: watch for a breakout type move on further strength.
If the two stocks are green tomorrow, I like my chances being long stocks into a further meltup.
Comments »Monday Update
Stocks are still cheap, however I’ve decided to book a few profits and raise cash. So far today I’ve sold my positions in $STEC, $AONE, & $NR. I’ve also started a initial position in $TZA as the hybrid is near overbought levels.
Solar is at a standstill today, but the sector stills look good. I am still long $STP & $YGE, with $YGE being a long term position for me.
$ZAGG is on the brink of a breakout as iPhone4 owners scramble to buy bumpers to fix the reception problem, but the stock trades like shit, so be careful.
The Euro looks great, and the dollar looks good for further weakness, both of which is good for stocks. However, shit is starting to float, as penny stocks are breaking out all over, ie $PCBC, which tells me the run is coming to an end. Now, I’m not calling for a full out reversal, but a minor pullback is in order.
Comments »Earnings
Monday:
- Buffalo Wild Wings, Inc. BWLD
- Coach, Inc. COH
- Fluor Corporation FLR
- SMARTHEAT INC HEAT
- SOHU.com SOHU
- Stone Energy SGY
- Veeco Instruments Inc. VECO
Tuesday:
- AK Steel Holding Corp AKS
- BE Aerospace BEAV
- Broadcom BRCM
- CIT Group CIT
- Compass Minerals CMP
- Cummins Inc. CMI
- Nabors Industries NBR
- Occidental Petroleum Corporation OXY
- optionsXpress Holdings, Inc. OXPS
- RF Micro Devices, Inc. RFMD
- Under Armour, Inc UA
- United States Steel Corp. X
Wednesday:
- Agnico-Eagle Mines Limited AEM
- Akamai Technologies Inc. AKAM
- CEVA, Inc. CEVA
- Cliffs Natural Resources Inc CLF
- ConocoPhillips COP
- Corning GLW
- DryShips Inc. DRYS
- Entropic Communications, Inc. ENTR
- Equinix Inc. EQIX
- Green Mountain Coffee Roasters, Inc. GMCR
- Hecla Mining HL
- Hess Corporation HES
- Itron, Inc. ITRI
- Las Vegas Sands Corp. LVS
- Oceaneering International, Inc. OII
- Sprint Nextel Corporation S
- Tesoro Corporation TSO
- The Boeing Company BA
- TriQuint Semiconductor TQNT
- Visa Inc. V
Thursday:
- Acme Packet, Inc. APKT
- Cavium Networks, Inc. CAVM
- Dolby Laboratories, Inc. DLB
- Dr Pepper Snapple Group, Inc. DPS
- Dynamic Materials BOOM
- ExxonMobil Corporation XOM
- EZchip Semiconductor Ltd. EZCH
- First Solar, Inc. FSLR
- IMAX Corporation IMAX
- Monster Worldwide MWW
- Motorola, Inc. MOT
- National Oilwell Varco NOV
- Newpark Resources, Inc. NR
- NutriSystem NTRI
- Potash Corporation of Saskatchewan Inc. POT
- RadioShack Corporation RSH
- Steven Madden SHOO
- Wynn Resorts, Limited WYNN
Friday:
Comments »Watchlist + Contest
So many great looking charts. In fact, so many, I will not post any, only symbols.
STP, SPWRA, APWR, YGE, ATW, BANR, BVF, BZH, CRUS, DVAX, DVR, FMCN, HNR, IOC, S, STEC, SWSI, TESO, TTM, VRX, CLF, CYD
Enjoy.
I will be updating this list throughout the night, feel free to add symbols in the comment section.
Note: The person with the best pick (highest % gain from open to close) in the comment section will win an official iBC 12631 T-Shirt. indeud.com
Comments »The Canes Are Coming
Keep any eye on Natural gas stocks here. The usual suspects look ripe for a trade, $RAME, $PDO, & $DPTR. But, those are for the degenerate gambling type.
For those interested in not receiving a homohammer, I like $HK, $SGY, $CHK, $GEOI. Technically, CHK has the best setup, if it can trade above$21.85
