iBankCoin
Joined Jan 27, 2008
7,406 Blog Posts

No Man’s Land

We continue to trade in a range, but I think it is highly possible we test the lows from Thursday. My bias is to the downside and I will play it with a number of inverse ETFs such as [[EEV]] & [[BGZ]] .

I notice a little strength in [[USO]] this morning. This could be good for the overall market if it can get moving, something to watch for sure. It might be a good idea to buy oil ie. National-Oilwell Varco, Inc. [[NOV]] and short the overall market via [[EEV]] .

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    Earnings

    Monday:

    • Ctrip.com International, Ltd. (ADR) [[CTRP]]
    • Target Corporation [[TGT]]

    Tuesday:

    • The Home Depot, Inc. [[HD]]
    • Jack in the Box Inc. [[JBX]]
    • Medtronic, Inc. [[MDT]]
    • ReneSola Ltd. (ADR) [[SOL]]
    • Saks Incorporated [[SKS]]

    Wednesday:

    • LDK Solar Co., Ltd. [[LDK]]
    • Trina Solar Limited (ADR) [[TSL]]
    • Woodward Governor Company [[WGOV]]

    Thursday:

    • Barnes & Noble, Inc. [[BKS]]
    • Dell Inc. [[DELL]]
    • [[DKS]]
    • GameStop Corp. [[GME]]
    • The Gap Inc. [[GPS]]
    • salesforce.com, inc. [[CRM]]
    • The Buckle, Inc. [[BKE]]
    • Zumiez Inc. [[ZUMZ]]

    Friday:

    • Canadian Solar Inc. [[CSIQ]]

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    Taking Gains

    No way do I want to be long into the weekend. I took my UYG off @ 7.40 & VMW off above 21.

    I will use my weekend to catch up on everything I missed. It feels good to come back and bang out a couple of profitable trades. I’ll see you guys this weekend.

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    UYG: Bought @ 6.82

    [[UYG]] Daily Holdings:

    JPMorgan Chase & Co. JPMorgan Chase & Co. [[JPM]]

    Wells Fargo & Company Wells Fargo & Company [[WFC]]

    Bank of America Corporation [[BAC]]

    Citigroup Inc. [[C]]

    U.S. Bancorp [[USB]]

    Goldman Sachs Group, Inc. [[GS]]

    The Travelers Companies, Inc. [[TRV]]

    Visa Inc. [[V]]

    PNC Financial Services [[PNC]]

    The Bank of New York Mellon Corporation [[BK]]

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