LONG: Exco Resources (XCO)
In lieu of my daily trading plan, here are my day-trades to watch for today: GPL, PEIX, JMBA, DATE, YOKU
We open lower this morning, the bulls jump in dramatic fashion and pushes the market higher and higher…and higher, then it settles during the lunch hour and trades sideways. Now the question becomes, as we go into this afternoon, whether we rip higher like we saw last Thursday. I’m thinking we do, because that is
Just by the dip…. that’s really all that you really need to know for the past 2 months and counting. Ultimately it leads to complacency and then a lot of people, who thought the strategy would work forever, getting burned pretty darn good. Because when the market starts to drop (and trust me, it always
Few Setups to take a look at today. Long: Owens Illinois (OI)
The news today, beyond the faulty assumption that Greece banks is once and for all saved, and we no longer have to fret about their future, the other piece of news is Dow crossing 13,000, which defintely holds some psychological importance for the market – careful it could also be that level where the sell
Since the open we've seen selling pressure come across the market, and logically speaking, I'd expect it to continue through the day with it being a 3-day weekend (markets closed on Monday for President's day) and a very important meeting (yes another one of those) on Monday while the markets are closed concerning the bailout
LONG: Samson Oil & Gas (SSN)
So far in the early morning trading the bears have managed to sell each of the rips the market has given them. That doesn’t mean things can’t change later on, but for now that is what we are seeing. I mentioned in this morning’s trading plan that if the market could sell-off enough over a
LONG: Electronic Arts (EA)