Trading List for Friday May 01, 2009: There's a lot to choose from here are a few: I like to stay with what is working with just a couple of more to add that caught my eye.
$ IBM had another 4 point trading range day. It broke out of channel 2nd day in a row. Possible futher uptrend to $111, then $116 area.
$DVN did not break out of channel looking for same entry as before : long above $53.63 looking for about $57
$CSC look for long reversal to about $41
$GNK back on list with growing positive volume entry above $19.48 looking for $21 target again and secondary $23.
$BIG broke through a top consolidation today and pulled back to close at the top range of it. Looks good for continuation up to $29 and possibly to $30-$31 levels going forward
$COST got within hair of $49 target looking past $49 with momentum next target is $52-$53 area
$V nice on earnings and closed midrange on Thursday . Depending market conditions, $71 next target still holds provided it can get past $68
$MA filled gap to $188 Thursday and on earning in the morning could go to $198
With many stocks at 6 month highs there's a possibility of a quick and rather sharp pullback. So always be alert and set stops. Market still feels strong but there's a little feel of anxiousness building as we continue forward. A pullback is inevitable so don't let it surprise you.
Anni
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Updating Post Market Thursday 4/30/09:
V hit targets 1 & 2 before pulling back to reload.
MA entry on open hit $184 target and went beyond. In KLAC from $27.21 per list, and in BIG from $26.85 per list.
PNRA missed this entry and $DVN no entry yet. SKF hit new low SWEET check list
COST really resisting that $49 so far
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Trading List for Thursday 4/30/09 : With $V report and $MA credit/debit usage up will bode well for store stocks we were already tracking $BIG and $COST. $COST could finally see $49 then $52 area next target breaking $49.30. $BIG looks on uptrend again, breaking $26.85 will be key to further uptrend retrace.
V good earnings play above close entry to $65, $67, $71 target areas watch volume trend
$MA Looks good to about $184 provided it doesn't gap there on open.
$KLAC looks nice to about $29 entry above $27.21
$DVN looks nice above $53.63 to about $56 target \
$PNRA for a possible bounce off the $54.40 area, stop just belo
and our fav $SKF short retest of $54.4 on the horizon and could break lower.
Of course everything listed above is dependent of actual market conditions. Focus is on the SP500 holding and getting above the 880. Remember, nothing's written in stone, that's why it's a market.
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Wednesday Post Market Update 4/29
SKF under $60 short (which I posted on twitter yesterday) again held true and retested low #1 and #2 the morning may see the $54.50 area watch for further breakdown if market is as strong as today.
$IBM broke out of channel today to the upside for a good bonus
$COST $49 keeps eluding but the low $46.60 area is also the past. There's a consolidation going on . Todays strength and good $V and $MA reports could assist for breakout upside.
I did not watch $BIG, $BCSI, $EXPE today
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4/26/09 for Monday 4/27/09: $BIG looks like it filled a cup now waiting for handle
$COST has been nice and is still a play. Same scenario on a pull back, long $46.65 with $45.50 stop. On momentum this could take us up above $49 as it hits higher highs
$TROW long target $42 area look for poss pullback to approx $36.80 to bounce off the 200 or higher open as signals
Look for EXPE to break above the 200ma & to break $12.12 to continue upward trend to about $17
On the other hand, Airline/Travel Stocks may be effected by the Flu Pandemic Scare
I like Oil's slow upward trend. OIH looks nice to about $99
$BCSI long on open of abover $14 to refill gap to $15.20 area
$IBM sideways channel daily between $98+ to $104- trading in a 2pt range. Look for direction after open. Consolidation so break down/up is possible as well. Watch it to stay above the 200 Dma
Have a great trading day...keep your stops true!
Anni
PS. Almost forgot.. sweet $SKF Friday hit my call for low of $55-54 area of 4/17 even as I was early in my anticipation , Will it stay down for long? The coil is tightening but so is the fear of loss so I'm cautious now both ways.
Friday, May 1, 2009
Tuesday, April 21, 2009
Biting The Hand That Feeds
When politicians are given power, they're elated and humble just as kids are at first, then they take it, they abuse it, but most important thing to remember is that once they possess it, they don't ask for permission again. Repeat: THEY DON'T ASK FOR PERMISSION AGAIN!!
Power and money is the biggest and most compelling reason why all governments fail in their duty and the more money they control the faster the deterioration happens.
That this Federal Administration now controls more money than any other US government in history is alarming enough but coupled with their plans to enlarge government bureaucracy should definitely create alarms for all citizens. You see the production for money is in your hands... the printing of it is in theirs, which means you have to keep up with their program if you don't want to be in debt or better put, if you don't want to lose your country.
But when governments become both the producers and the consumers they become the monster that eats itself. On the way however, they create plenty of misery and depression. You begin seeing it in the citizenry when they become lackluster, disinterested and hopeless and don't wish to produce as much as before.
The bank bailouts are the real test as to this governments intention and they have already shown that it's more important for them to retain control rather than allow free markets to correct the problem. It was already evident when they forced many banks to take the TARP money even though they wished not to, but now those that wish to pay it back are not allowed.
The vicious circle has started and added to it is the coming announcement of one crisis after another all designed to alarm, panic the citizenry into allowing the government to "do" something about it before the "sky" falls and before you realize, they've taken control of it all. And by doing so they make the citizens ineffectual to the outcome until the government falls.
Power and money is the biggest and most compelling reason why all governments fail in their duty and the more money they control the faster the deterioration happens.
That this Federal Administration now controls more money than any other US government in history is alarming enough but coupled with their plans to enlarge government bureaucracy should definitely create alarms for all citizens. You see the production for money is in your hands... the printing of it is in theirs, which means you have to keep up with their program if you don't want to be in debt or better put, if you don't want to lose your country.
But when governments become both the producers and the consumers they become the monster that eats itself. On the way however, they create plenty of misery and depression. You begin seeing it in the citizenry when they become lackluster, disinterested and hopeless and don't wish to produce as much as before.
The bank bailouts are the real test as to this governments intention and they have already shown that it's more important for them to retain control rather than allow free markets to correct the problem. It was already evident when they forced many banks to take the TARP money even though they wished not to, but now those that wish to pay it back are not allowed.
The vicious circle has started and added to it is the coming announcement of one crisis after another all designed to alarm, panic the citizenry into allowing the government to "do" something about it before the "sky" falls and before you realize, they've taken control of it all. And by doing so they make the citizens ineffectual to the outcome until the government falls.
Sunday, April 19, 2009
Trading List Week of 4/20/09
Trading List for Friday 4/24/09 : I am extra cautious on Fridays going into weekend lately is dicey. Watching $BIG $TROW $SKF $AAPL. $TSCO looking to short. $COST $46.65 still looks good as signal long.
Update Post Market Wednesday 4/22/09: It was a run up and sell off day at the markets giving some scalping opportunities. $SKF tested the $58 area low several times before finally taking off with an abandon both shorts and longs were happy. EBAY took off at the morning bell and paid well in the $15.00 area. After hours gave another opportunity as it reported good earnings & outlook. $COST was nice entry at $46.65 giving nearly a point gain. $BIG had a nice run up again this morning hitting 6 month high of $27.41 Will look for further opportunity on this for Thursday.
Trading List for Wednesday 4/22/09
$CAL has a way of surprising will watch this one with earnings
$COST upside momentum could take it to $49 entry above $46.65. On the short side below 46 to $45 and $44
I will be adding $MCD $CMG $COST to watch
Update 4/21 Post Market: $SKF was as predicted. Long action happened before market open, then short took us down to penny at $60. Looking to test lows again with this one. $BIG reentered at $25.28 took profits at 25.98. Did not hold due to market volatility. $GNK also very nice for a rebound trade from $17.97 to $18.90. Still watching $FRPT for a possible short. $EBAY had a nice ride up today did not enter any trade with it.
Trading List for Tuesday 4/21/09
watching $EBAY $FDO $BIG $LOW
$FRPT dbl top potential short below $7.69 entry to $7.37 then $6.90, $6.50 area. If market rebounds, it'll stay in a tight trading range.
$SKF although not convinced it's seen it's lows, current momentum is on the plus side. Above $71 it's clear to $77 area; on the downside it has a gap to fill to $60
Trading List for Friday 4/17 update 4/20 Post Market
$FCS good money vol potential of $6.10 area
$GNK above $15.24 targets $17.10, 18.90 and 21+ area; 4/20: hit 2nd target on Friday, Monday gap down sold of remainder postions.
$SKF see lower to $55-$54 area $C will be the key; low of $56.50 Friday
Also Watching $GOOG $BIDU $FRTP 4/20 sorry for the typo it's $FRPT
Swing trade $BIG hit my first target ($25) now lookig to $26.50-.90 area. Update Target hit and sold all out will watch this for reentry
Update Post Market Wednesday 4/22/09: It was a run up and sell off day at the markets giving some scalping opportunities. $SKF tested the $58 area low several times before finally taking off with an abandon both shorts and longs were happy. EBAY took off at the morning bell and paid well in the $15.00 area. After hours gave another opportunity as it reported good earnings & outlook. $COST was nice entry at $46.65 giving nearly a point gain. $BIG had a nice run up again this morning hitting 6 month high of $27.41 Will look for further opportunity on this for Thursday.
Trading List for Wednesday 4/22/09
$CAL has a way of surprising will watch this one with earnings
$COST upside momentum could take it to $49 entry above $46.65. On the short side below 46 to $45 and $44
I will be adding $MCD $CMG $COST to watch
Update 4/21 Post Market: $SKF was as predicted. Long action happened before market open, then short took us down to penny at $60. Looking to test lows again with this one. $BIG reentered at $25.28 took profits at 25.98. Did not hold due to market volatility. $GNK also very nice for a rebound trade from $17.97 to $18.90. Still watching $FRPT for a possible short. $EBAY had a nice ride up today did not enter any trade with it.
Trading List for Tuesday 4/21/09
watching $EBAY $FDO $BIG $LOW
$FRPT dbl top potential short below $7.69 entry to $7.37 then $6.90, $6.50 area. If market rebounds, it'll stay in a tight trading range.
$SKF although not convinced it's seen it's lows, current momentum is on the plus side. Above $71 it's clear to $77 area; on the downside it has a gap to fill to $60
Trading List for Friday 4/17 update 4/20 Post Market
$FCS good money vol potential of $6.10 area
$GNK above $15.24 targets $17.10, 18.90 and 21+ area; 4/20: hit 2nd target on Friday, Monday gap down sold of remainder postions.
$SKF see lower to $55-$54 area $C will be the key; low of $56.50 Friday
Also Watching $GOOG $BIDU $FRTP 4/20 sorry for the typo it's $FRPT
Swing trade $BIG hit my first target ($25) now lookig to $26.50-.90 area. Update Target hit and sold all out will watch this for reentry
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