A Look Ahead

Earnings

Monday:

• CSX Corporation CSX

Tuesday:

• Goldman Sachs GS
• Intel Corporation INTC
• Johnson & Johnson JNJ
• Yum! Brands, Inc. YUM

Wednesday:

• Texas Industries TXI

Thursday:

• Cypress Semiconductor CY
• Google GOOG
• Harley-Davidson HOG
• International Business Machines IBM
• JPMorgan Chase & Co. JPM
• Nokia NOK

Friday:

• Bank of America Corporation BAC
• Citigroup Inc. C
• General Electric GE

If you’re a member of The PPT, then you have access to research reports for experenced professionals in the business. Well, one of the reports feature today on the blog is [[ATVI]] , I will save the details for members, but display the chart.

Currently, ATVI is in a great spot to buy with the stock trading right on its uptrend line. I say it’s a great spot, because if wrong, you can easily cut your losses if it breaks below the current uptrend. Risk/Reward; a few cents down, a few points up.

If the market begins to roll over take a look at Research In Motion Limited (USA) [[RIMM]] . The stock is trading right back to former support, which has now become resistance. Your stop will be around $67.55, anything above that and you want to be out of the trade.

Previous notable call.

6mo Chart:

A look at ERX & OIH

Notable call on AXL

Technical Picture: Oversold

Bull Radar

Top 100 Stocks

WallStreet Fighter Links

Fresh Meat Links

Out of control Mistress

Technically, the market looks terrible. Looking at the charts, the right shoulder is just about ready to dive off a cliff. However, we may see some buying today after a week of blood, but as for me, I will sit this one out on the buy side.

In my opinion we will see a lot of stocks retrace back to the area of support– now resistance, this will be the right time to short a few names.

The inverse ETFs are all looking great with signs of bottoming in the charts. Part of me just wants to load up on a few and call it a day, but I won’t–just yet.

I will use today’s strength to get out of a few names on the long side, and will raise my cash position significantly. By the looks of things, we have a big move coming, and it’s not up. It’s going to take some good news to get this market moving.

Trade accordingly.

Here’s a look at a few Inverse ETF  charts: SMN, TZA, FXP, SRS, QID, DUG, FAZ, ERY, & BGZ.

Looking for a few short setups? Look no further than coal (click on symbol to bring up chart): ACI, ANR, BTU, BUCY, CLF, MEE, & PCX

As far as the overall market, CA has a great post on specific sectors as well as the indices, just about everything is ready to breakdown.