Fuinhaz $SPY morning update for July 16, 2012

$SPY pulled back as if it was giving the dip buyers an opportunity. I took that opportunity and bought $CAT for a .20 cents gain. Could have been more, but money is money. $SPY got a lot of upside prospect, but it is imperative that it holds the 135.14 level. A failure of that level, could spell trouble.

I see a lot of good opportunities on the long side, but it requires patience. Or one take trades on support with .25 cents stop in them, or just wait for better setups.

$CHK over 19, stop @ lod.

$CLNE over 14.57 stop @ lod.

$EBAY as long as it holds above 38.84.

$LNG, this one I am waiting to see if it holds S1 @ 15.

$LUK as long as it holds above 22.04.

$NAVB over 4.35 stop @ 4.29.

$USG, on a test of 20.07. I like it if it can stay above it.

$WLT over 36.59 gonna run.

$X over 19.92. Beaten up name but still got good prospect in my honest opinion.

May you all have a good continuation of your day.




Join In on this conversation, post a comment below.
No comments yet... Be the first to comment.