This stock could be a better buy than its more expensive peers.
Monday, January 23, 2012
Wednesday, January 18, 2012
Financials are at resistance but are a buy: $XLF, $BAC, $C
The one area I would consider buying is financials. The $XLF is at resistance but on the weekly chart there is a bullish cup and handle forming. Any pull back in financials is a buy in my opinion. $BAC and $C are strong buys right now.
Tuesday, January 17, 2012
Market Analysis - Are the markets due for a correction?
Major Indicies all right around resistance. Starting to look unsustainable at these levels. Bearish wedge patterns forming could be an indication of a correction. I would welcome a pullback at this point and will be a buyer on any market dips.
I'm holding the positions I currently have. I'm not opening any new positions. I'm just waiting for another buying opportunity. My near term outlook is bullish.
Saturday, January 14, 2012
Trade Set-up: Netflix
Potential good set up with measured risk. Place a stop just under support. If the market moves this up on Tues above the intraday close, I think this is a buy. Look for overhead resistance once price levels close the gap.
Saturday, January 7, 2012
$WYNN, Another Shorting Opportunity
Cheap Buys for 2012: $LCC, $NBR, $DUK, $ZNGA
2 trading ranges. Looking for a breakout from the lower one. |
Daily chart looks like the stock has bottomed and getting a nice bounce. |
Potential longer term bullish outlook. |
Great uptrend, buy on the dips, even if it goes down more, I'm a buyer. |
This gaming company is profitable. Might be a good opportunity at a low price. |
50ma acting as support will see if this becomes a nice uptrend.
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