X – Good Support Level
X has pulled back over 25% since the February highs, but it’s now in a decent support area with a promising looking falling wedge that indicates back to the highs on a break up. There’s positive divergence on the...
Read MoreAuthor: Ryan Mallory
Trading Plan for May 4, 2011
Current Long Positions (stop-losses in parentheses): GOOG (524.00), NFLX June 270 Calls, AAPL (343.95), CVS (35.91), SSO (54.70) Current Short Positions (stop-losses in parentheses): None BIAS: 41% Long Economic Reports Due Out...
Read MoreLong CVS at $36.50
Here’s another trade that I just made in CVS Caremark (CVS) on top of the Apple (AAPL) trade that I made this morning at $348.73. CVS is positioning itself for a great breakout, assuming the the market cooperates in the...
Read MoreRIMM – Hold or Fold?
RIMM’s a hard stock to call. On the one hand you have strong earnings, decent growth, and a low P/E. On the other hand you have the Apple iPhone, which is head and shoulders above any other smartphone on the market. ...
Read MoreLong AAPL at $348.73
The selling that we have seen in this market so far is not at all worrisome, in fact it is more welcomed then anything, allowing for stocks to get a breather and provide an opportunity to get in stocks a little cheaper than...
Read MoreTrading Plan for May 3, 2011
Current Long Positions (stop-losses in parentheses): GOOG (524.00), NFLX June 270 Calls, DF (10.48), NVDA (18.73), BKI (26.35), ADM (35.58) Current Short Positions (stop-losses in parentheses): None BIAS: 11% Long Economic...
Read MoreLong: CROX, Short: VECO
Market is due for pullback after such a strong run. Though I believe there is still more upside for the bulls. This pullback may be either mild or violent all depending the headlines for the next few days. If there...
Read MoreBreakout Plays For Today
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...
Read MoreTrading Plan for May 2, 2011
Current Long Positions (stop-losses in parentheses): GOOG (524.00), ADI (38.99), CA (24.09), NFLX June 270 Calls, DF (10.48), NVDA (18.73), BKI (26.35), ADM (35.58) Current Short Positions (stop-losses in parentheses): None...
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TraderPlanet’s Quick Guide to Candlesticks
