IBM…we’re looking for a 199.25 print, which is the 200 day and a natural spot for direction to stall. 201.25 is a good place to take profits if you followed our buy strategy last week. 4/23/13 Sometimes you need to … Continue reading
SSO…double long S&P 500 is a cheap look for a Long Equities. The stop is 72 close. This has room to move 6-7 dollars to the upside so the risk/reward is worth the try. The usual suspects IBB,LNG,BKX,NFLX,GOOG, & KKR…all … Continue reading
Yes, we bought theĀ May 94/96 call spreadĀ for app 1 dollar. The main reason is that we wanted a hedge against the short Spu trade. LNG double bottomed @ 25.14. This is the break with defined risk to buy! … Continue reading
We’re exiting the SDS and the TLT today. We will use this break to exit relatively unscathed and clear our head. We’re willing to give this a little more timethis A.M. to get back closer to our entry levels, however … Continue reading