Two new trades I took this morning. The market is looking, as a whole, like it wants make a move higher, but that will in large part depend on whether it can break through the intraday channel that we’ve been stuck in since the beginning of the new year. Long: MGICInvt Corpt (MTG)
LONG: Chesapeake Energy (CHK)
One of the people on our trading netork, posted a new short position in KB Homes (KBH) and I think he’ll really like how this one turns out for him. The stock is coming out of a slightly upward trading range, and is breaking hard out of it today. And with all the hype from
Here a few shorts to consider for today and tomorrow as market conditions continue to weaken. Haliburton (HAL) Dow Chemical (DOW) Mosaic (MOS)
I'm somewhat surprised by the strength that we've seen so far in the market today. Europe appears to be on the verge of implosion, and we're rallying like there's nothing to be worried about (denial? short-covering?). I'm still long on SCO (oil 2x short), and will likely bail on it, if oil can push above
The market is showing signs of hitting a new rough patch, particularly with issues in Europe running amuk and unable to resolve any of their issues. Below I have three charts showing signs of cracking, and once they clear critical support levels, should see the bottom fall out from underneath them. All three are swing
I jumped into CF Industries Holdings (CF) this morning as a swing-trade. The trade may or may not end up being profitable – but that is besides the point for this discussion. What I want to do, is show you WHY I traded CF.
Apple, Inc. (AAPL)
If you’re to ask me, I think Google (GOOG) has done a remarkable job of holding its value this year. I know there have been some fairly rough patches where it declined in excess of 20% on multiple occasions, but as it stands right now, GOOG is close to breaking out to multi-year highs.
Bank of America (BAC), like Netflix (NFLX), has been one of the year’s most talked about stocks. Before 2008, it would have been hard to believe we’d have a market that put BAC in $5 territory (or $2.50 back in 2009), but such has been the case of late. You have tons of rumors