I’ve complied 34 stocks that are providing awesome trading opportunities. A couple of them may have already hit by the time you read this post, but most are prime for the picking. The price on the far right, is what I believe to be the ideal entry price. You may differ with me on this,
Market is getting hammered yet again today and commodities, in particular Silver (SLV) far worse – down over 28% from its highs. The main thing is that we are trading below 1340 which was a key support level for this market – it’ll be important for the S&P to recover that level by the
Here are some of the more intriguing setups that I am watching today. First, Apple (AAPL) is forming a nice bull flag, and setting up for what looks to be a breakout above the post-earnings highs. Vimpel Communications (VIP) is breaking out of its descending trendline in a very strong manner. Another stock
Neither of the plays below do I have a position in yet, but I am closely watching VIP for a break at $14.61, which it is getting very close to hitting as of this writing. CATY (the short setup) has a lot of potential as well, I’m just not a huge fan of shorting anything
I’ve bought the long-setup, Union Pacific Corp (UNP) today at $99.00. At this moment, it is breaking out and $100+ seems to be on the horizon. My suspicion is that we’ll see a lot of short-covering in this play, as well as the general markets too. The short-setup PWER is very volatile and high-risk, and
I’ve already bought GOOG this morning at $524.81 on what I believe is a stock prime for a bounce somewhere in the realm of 3-4%. With that said, the stock offers a very nice risk/reward setup with upside as much as $540 and down side of about 517, which is a 2:1 reward/risk. The
Good morning so far, I sold my Apple (AAPL) May 350 calls for about 120% on the premium paid or 6.5% on the underlying asset itself after the company reported incredible earnings. Below is the Daily Long and Short Setups. I’ve bought Goodyear Tire & Rubber (GT) at 15.72. I’ve also tightened my
LONG: Prologis Trust (PLD) *Note: Reports earnings in the AM
Market is no doubt having problems discerning heads from tails so far this morning, but if things turn around for the better, here are five breakout plays that may work in your favor. I jumped in and out of AMAT so far this morning with no success. But will consider getting back in it
Interesting day in the market as once again, as the market formed a doji around the 1332 level on the S&P. We’ve see this occur a few times near the highs of late, and what typically happens is we ultimately move higher, and that is what I believe will eventually occur here. So right now,