Dip-buying remains in full force, as we saw them, almost out of the open, start buying up stocks. The 10 and 20-day moving averages held up despite the former being violated on an intraday basis, and today marks the beginning of earnings season – should get interesting here real soon. Today’s short was provided
LONG: Trina Solar (TSL) Â
LONG: LSI Corp (LSI) Â
Tomorrow’s long and short setups. In GNK already at $14.77 and looking at shorting DTV tomorrow on weakness. LONG: Genco Shipping and Trading (GNK) Â
Long: Alkermes (ALKS) Â
Another quiet day of trading, and I expect the same to be the case tomorrow as well, and perhaps even more so. But come the new year, things should quickly get back to normal. LONG: Avis Budget Group (CAR) Â
LONG: International Business Machines (IBM) Â
LONG: Bristol Myers Squibb (BMY) Â
Long: Owens Illinois (OI) Â
LONG: RF Micro Devices (RFMD) Â