Tomorrow I’ll start posting my watchlists again. There will be a couple of changes though. Although I’m no longer swing trading I’ll still post some of the more interesting set-ups that pop up in my scans. Look for the swing list and the gappers to be posted shortly after 9 AM. [...]
Kevin, who’s looking to buy puts on Citigroup asked for my read of the chart:
I got the following question about ABB from Tim:
Tony’s looking for a bottom-fishing play in ONXX:
Jerry wanted to know how much higher CCJ could possibly go. There are some clear resistance points on the chart — the 50-day moving average, the May high and the March high. So in the short term, barring any big news, I’d say zero to eight points. I’d watch how it acts [...]
This is a first — I got two requests for GEOI in the same day (actually within the same hour). Both GEOI(+242% YTD) and ABLE (+523% YTD) were on fire this week as they resumed their huge rallies from a few months ago. GEOI is looking pretty good right now since it just [...]
This is good case of the view of the chart being different depending on which indicators one uses. Jin wrote the following about EXPD:
It sure looked and felt like the market would finally have a big down day. Things turned around just after lunch when the buyers stepped in. I know there are a lot of people waiting for a dip so that they can get long(er) and apparently the four hour selloff was enough of [...]
Rick requested a chart of EMN and an update on CLX, which I posted last week:
Obviously there’s a lot of strength in the market right now. I assume that’s largely due to money mangers scrambling to participate in the rally and I won’t be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts [...]
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