This market to me, has the feeling that it will continue to drift, drift….and drift some more, and then suddenly, when no one is expecting it, fall hard and fast before the final bell rings. Just a gut feeling at this point, but we sort of saw that yesterday, except it was to the upside.
I shorted Och-Ziff Capital Mgmt (OZM) yesterday, and so far it is playing out fairly well. I've also added Dynegy (DYN) which is somewhat of a problem so far today, and close to getting stopped out (it happens!) at $5.30. I'm long OZM from $10.21 and DYN from $5.23. Here's the chart analysis and breakdown
Two new trades to speak of this morning. One of them I am still in, the other of which I took a small loss on. The first is Mercadolibre (MELI) which I got in at $69.66, and my stop-loss is currently at $69.49. Its not doing much of anything at the moment, and I
I'm getting a little bearish here on this massive ramp-up into tomorrow night's Job Speech by President Obama. As a result, I've taken on two new short positions in Bank United (BKU) at $23.00 and Vimpel Communications (VIP) at $10.48. SHORT: VimpelCom (VIP) SHORT: BankUnited (BKU)
Two new trades today in AES Corp (AES) at $10.70 and Central European Distribution (CEDC) at $6.75 both of which are currently in the green, and both of which you could have jumped in with me on if you were in the SharePlanner Chat Room, which is free of course. LONG: AES Corp (AES) LONG:
Here are five plays to watch for tomorrow worth adding to your watch-list. You have a few specific long and short plays, and a couple others that could really go either way. SHORT: American Capital (ACAS)
Here's my one and only trade so far this morning - a wild trade for sure when volatility is at its peak, so stop-losses are a must with this one. I have about half the normal position size that I would use on a trade, so that allows me to have a fairly generous spread
I've never actually traded this stock before, despite the fact that it is listed on the S&P 500, however, the clearly marked support and resistance levels are undeniable. So much so, that I believe this is a fairly safe short-setup should it push back up in to the $36 range. Especially with that 200-day moving
Amazon.com (AMZN) has one of the more appealing setups to benefit from should this market continue to bounce as it has today (Make sure to check out my previous post on my market observations from today). With AMZN, you have a stock that has not sold off to the same degree that the market has
Just this week, Apple (AAPL) passed up Exxon Mobil (XOM) as the largest corporation in the S&P. That is incredible for a company that sells cell phones, computers and fancy walkmans. Their recent earnings, just like all the others, blew away estimates and surged beyond $400/share. However with the recent calamities in the