Just a quick position update.
Reco’d Century Aluminum Company [[CENX]] long at 12.50. Just doubled down near 10.50 and own at 11.50. Statying with it with a 9.50 stop and a 13.50 target.
Reco’d Goldman Sachs Group, Inc. [[GS]] long at 149. Rose to 159 and rode it back down to 150. Staying with it with a 147 stop.
Reco’d Kulicke and Soffa Industries Inc. [[KLIC]] below 5. Trading at 5.60. Buy on a test of 5.25-5.30. Stop 4.50, target 7.50.
Reco’d short eBay Inc. [[EBAY]] at 24. Maintaining position with a 26 stop and a 19 target.
Expect today to continue the tug of war as markets fight to define the lower parameters of its new trading range. But a tradable bounce may develop before day’s end.
I hope you are enjoying and maybe getting some value out of the streaming video market updates. Have a safe and happy weekend and don’t slip on any bannana’s…
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Sweet… Its good to know what the game plan is
And what good calls.
That statement you made about being sure we’d be retesting 1040 sure came in handy today as I watched us get close today without throwing up– and instead stayed chilled out and bought some stocks I’d been waiting on.
Looking forward to Monday morning’s show (unless you do a weekend update) thanks again
Enjoying the shows Scott, stop worrying about the vid quality, I usually only listen anyway and you have a face for radio j/k
I am thinking we are re-entering the trading range established from mid September to mid December and that the weeks at the end of December and beginning of January were just an over-shoot. Not to say we can’t overshoot down, but curious to know what you think.
Thanks
Great stuff –
what’s the link to streaming video market updates?