Hello all. It is great to be back. Monday is always the toughest day for my style of trading because the market is starting fresh, and the trends and paths do not mean as much. That is why on Mondays it is sometimes better to look towards a week long play that we think has the potential to make an extended move in the upwards direction. With earnings still roaring along, we have a lot of good catalyst for week long moves, so let us get into it.
Long Play of the Week: JC Penney Co. (JCP)
Analysis: IN PROGRESS
Entry: We are looking to get involved at 29.10 – 29.20.
Exit: We are looking to gain 4-6% though Friday morning.
Good Investing,
David Ristau
