Coming out of the
weekend I only have two holdings, NOV calls and VXX calls. I did a post on
VXX/VIX friday, I am looking to buy more on any strength the market has left. I
believe we are in need of a pullback, doesn't mean we will get one, but those
are my thoghts. This week be cautious about long setups and make sure
they are confirmed prior to buying. Enough of that and on to the watch list!
We've got a lot to watch! Pick a few longs and a few shorts that you think look best and watch those throughout the day.
Symbol Buy point Summary
SHLD
WYNN
APA
VMW
CVX GOOG INFA CME GS QCOM KFT POT GLD CF CNX PPO |
Pullbacks
44.85 131.60 120 116 46.60
33.40
101 110.20 617.50 50.75 297 117.75
54.20
long/short 64 short 37.8 47.34 60.50 175
43.85
189.50 Short 90 long/short long/short Short 36.8 |
SHLD broke out over the 200d on strong volume, buy on
pullbacks with 200d stop.
SODA Broke descending trend line on Thursday, up about $4 from
that buy point, next buy is when it clears 200d (44.46) on volume.
BIDU is a good short setup if the market pulls back imo, when
it breaks below 131.60 I’ll nibble a few puts. Upside, needs to get
back over 141
WYNN Broke out strong on Tuesday, needs to get back over 120 to
be a good long candidate.
APA, Keep this one on your watch list. Has a good solid uptrend
going, next buy area is the descending trend line at $116.
PANL Looks poised to break this descending trend line, make
sure it does so on strong volume and that’s your buy point.
ADBE This one broke through some heavy resistance on Friday with
fair volume. Watch for a good FTD (Follow through day).
VMW finally busted through the $100 mark, if you bought,
good. Otherwise wait until it clears 101, and then a test of old highs is in
order.
CVX This one is poised to break out to new highs, watch for
volume when it breaks this old resistance line
GOOG Consolidating in a nice tight channel, when it breaks
617.50 on solid volume, go long. If it breaks below 595 I may nibble a few
short.
INFAReally wants to go, I think a pullback would be healthy,
but this is the next buy point when cleared on heavy volume.
CME One could wait until 300 to be sure on this one, but it
has a pretty strong base it’s been building the last two weeks.
GS has been consolidating nicely here for a few weeks,
when it breaks this resistance point, long is the way imo.
LVS has been doing well. Working on a base here, may take a few more days, it may just go. 54.20 is old resistance point,breaks higher go long.
VZ is making a nice triangle, when it decides on a
direction it should stick to it. Go long over 38.50, Go short under 37.84.
Volume is key.
QCOM broke out of small, tight, base, and headed up
nicely. 63 was our buy point so if you bought good, otherwise wait for 64.
KFT made a nice top, not a long candidate until it breaks
out to new highs. Riding an ascending trend line, if breaks, could be a good short.
POT, This one can be a tough trade, but over this price and it
should work.
MOS broke out on Tuesday, up about $2 since then. Looks like its building a
nice tight base to rocket through the 200d.
GLD broke out on Wednesday, next buy area when clears 175
on volume
NTAP, nice consolidation/basing pattern going on, next buy area is when it clears this descending trend line on heavy volume.
CF Making a flag on the daily chart. When it closes over
the upper band of the flag on good volume, go long. Short when closes
below the lower.
CRR Ugly chart, good short candidate. Bearish engulfing candle
on Friday, may nibble a few put options on this tomorrow.
CNX More than likely a short candidate, short when breaks
below 33.75. Go long if it breaks 37.40 on STRONG volume.
PPO Possible double bottom, but if it takes out the low
of 36.60 on volume, go short. Otherwise the long side is a break over 41.
BRCM Here with 37.00 stop.
|
CHARTS:
BRCM
BIDU
ADBE
CRR
LVS
MOS
NTAP
PANL
SODA
VZ
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