Time to bottom fish in Energy. BUY Line @ the market! It’s trading @ 11.50. The Risk (STOP) on this trade is 10.90. Those that want more leverage…. BUY 2015 Jan 12 calls Mid market
Stocks… SHCOMP…is the best preforming equity market. Look for a retest of 34800-35600. It’s very overbought. Line…needs to hold above 12 to test the high 14’s again. Follow the Natgas. Bonds … 30 yr. Bonds… there is a possible … Continue reading
Bottom Fishing abounds. I like the idea of buying before you sell at these levels in the OIL and related names. Jan oil broke out of the opening range , like yesterday, to the upside which elicited an immediate buying … Continue reading
Stocks… Spu’s…(H) need to close above 1992 for bottoming action.(Z) Dec. level is 2000, they’re respective 50 DMA’s. 2022 is the qtrly Dec ORH # in DEC. (the level it failed at yesterday) 1995 is the Monthly ORL # which … Continue reading
Stocks… Spu’s…2060.75 is the must hold level. 2060.75 is the level to key off of. This is the weekly ORL#. This will act as support and the closing downside pivot with resting sell stops below. Price action below here will … Continue reading
BUY 30 LINE DEC 14 17 Calls @ .50 cents This is an opening Trade. This is the most trashed name in the world. It has been down over 10% today alone. Those of you who don’t wish to try … Continue reading
Stocks.. Same game , another day. A lot of stock rotation with no movement in the indices, however there is lots of opportunity in underlying names. Bonds… 30 yr Bonds…are stuck in the middle of the unemployment range. A new … Continue reading
Stocks.. Spu’s…the tgt for this short swing has not changed, it’s 1717. Nasd 100… individual names is where to look for opportunity. Before this rally is over a test of 3320 is possible. EWW… Mexico put in an ORH daily … Continue reading
Stocks.. Line…Linn Energy… Those of you that outright bought the stock should be using a 26.70 stop on close. This has yet to break out to the upside. The daily chart turns up with a good close over 27.60 and … Continue reading