Wednesday, March 21, 2012

Trading Plan for Thursday, 3/22

Barring the #Megaquake happening in any major world economy, here is what I am looking at tomorrow :-)!

Trading Plan for Thursday, 3/22

  • $GMCR - Had a massive day, but didn't really go anywhere (yes I know it was up 10%, but half of that was the gap and it closed only up a little from the open). So I'm watching this triangle...
  • $LNKD - Massive day, but closed about even with the open, kind of ugly candlestick... watch for a $100 break and hold, then go long/add
  • $HERO -  A cheap stock some friends like to trade, next buy/add area when clears this resistance on volume
  • $NFLX - Nice FTD (follow through day) on much better volume. Next buy/add area when clears this area on volume.
  • $PEET - Clearing this next buy/add area on strong volume out to new highs, one can buy/add on pullbacks with this support as a stop
  • $VMW - Testing this next resistance area, wait for it to clear on heavy volume and go long
  • $OPEN - Watch this triangle, play accordingly
  • $INFA - Working well since breaking out last week, next buy/add area when clears this upper resistance on volume.
  • $BIDU - Finally breaking out on some volume, FTD is key here
  • $CRM - Trying to break this next resistance area, watch for a good FTD and go long
  • $NTAP - Nice FTD, next buy area when clears 49.20 on heavy volume
  • $CME - Committing to the breakout it tried yesterday, closing above highs, looks good. Watch FTD
  • $UA - Easy buy on the pullback, watch for the double top... if it breaks out to new highs on solid volume, buy/add
  • $GOOG - Working nicely, next stop new highs :)
  • $WDC - bouncing off the 50d, next buy/add when clears this upper resistance area on heavy volume
  • $ALLT -  Basing nicely, one can buy/add when it clears 21.35 on heavy volume
  • $WYNN - Keep a close eye on this one... go long when it clears 200d on volume
  • $BRCM - holding up over this support, one can buy here with a $1ish stop
  • $VZ - Trying to break this descending trend line, keep on watch
  • $BAC - Holding up nicely after a massive move
  • $GS - Holding above this new support, one can buy here with a $2ish stop
  • $QCOM - Holding up nicely, one could buy with a stop to watch how it acts with the 65.60 area
  • $DE - Holding above the 20d, next buy/add area when clears the 50d on volume (84.62)
  • $AAPL -  Looking tired to me, but I wouldn't touch this thing long or short here
  • $PANL - Looking ready to break this ascending trend line, keep on watch
  • $SHLD - After such a huge run, a pullback is nice, watch how it acts with the 20d
Charts - 

CME

AAPL

BRCM

CRM

INFA

 OPEN

GMCR

VMW

WDC

NFLX

 PEET

 HERO

ALLT

VZ

GS

SHLD

PANL


No comments:

Post a Comment