Well it's been a great trading week for all of us in DA Room..please ask around..don' take my word for it??? i'm prejudice<GGGGGGGGG>
i can not write here how many solid triggers we had both short and long...and others called some wonderful stocks to trade..CORV???..CFLO??? and a host of others...
thanks to all for a wonderful enjoyable day...everyday...
here's the morning e-mail...gotta go rest up..3 days..yippy<g>...altho..what'll i do???<VBG>
have a good one everybody...
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Good Morning
well euphoria is rampant just like bearishness was a week or so ago?? i do not like this...like the bulls are back??? i don't think so...besides we are right at resistance on a bunch of indexs..i expect a solid pullback first before we power up into the FED meeting..
so let's just play hit and run for now..yeah you can buy some of the pullbacks on the best stocks...no dogs, and no non earners..but wait for the pullback first, and the reversal back up...to take some positions...
as i've been saying for weeks now, charts are developing nicely..and the semis are the best..i'll show 2 fabulous looking charts today in the room...KLAC & NVLS...
there will be no trading on MON, and as for earnings plays??? on Briefing.com..they have an EARNINGS CALENDER, with dates checked...lets use it to our advantage..and unless we verify those dates..please do not take anyones word for it, or guess...we need that hard date...
Ok i am looking for a short pullback from an overbought condition..watch the VIX as it breaks 28, that's a sell signal on P&F...so if we gap up today we may be shorting some stuff into that gap...
HERE'S THE WATCH LIST OF TRADERS TODAY
1...SEBL--RIGHT AT A TRIPLE TOP AT R...76....73 IS THE 3 BOX REVERSAL BACK DOWN..GREAT CHART, AND READY TO TAKE IT LONG AFTER THE PULLBACK..77 1/2 IS A BIG BREAKOUT
2...HAND--BROKE A SPREAD TRIPLE TOP YESTERDAY ON HIGHER LOWS...SEEMS OVERBOUGHT HERE, WATCH FOR THE GAP AND CRAP TODAY..46 THE SS..
3...JNPR---DOUBLE TOP BUY AT 134...136 MAKES IT GO HIGHER..128 REVERSES IT DOWN..NICE CHART PATTERN OVERALL...SOLID STOCK..
4..OPWV---OVERBOUGHT RIGHT AT R..37 3/4 IS THE SS, 42 1/2 THE BUY..
5...CIEN--GAVE A BUY SIGNAL AT 86 SEEMS EXTENDED..87 BUY TRIGGER, 82 3/4 THE SS..
6...SCMR..VERY NICE DEVELOPING CHART...45 1/2 A DT BUY AND BULL TRIANGLE...41 THE GOOD PULLBACK AREA...
7...EMLX---WHAT CAN I SAY..ONE OF THE BEST TO TRADE EVERYDAY..IT'S OVERBOUGHT AT R NEAR 91/92, THE SS IS 85 3/4..FOR A SHOPRT PULLBACK, WHERE WE CAN TAKE IT LONG LATER...
8...NEWP---SETTING UP NICELY NOW..AS I'VE BEEN SAYING THE CHARTS LOOKING BETTER, AND THIS IS A FAV TO TRADE...IT HIT R AT 89ISH..90 1/2 THE BUY, 83 THE SS, FOR A PULLBACK REVERSAL BACK UP BUY TRIGGER..LET'S WATCH THE ACTION..
9...KLAC---BEAUTIFUL SEMIS CHART...ROUNDED BOTTOM AND MOVING HIGHER AND HIGHER..BROKE A TRIPLE TOP YESTERDAY, NOT A BIG MOVER BUT BUY ALL PULLBACKS IN THIS NICE STOCK..MAYBE THE FEB 35/40 CALLS ON THE REVERSAL DOWN..SEE IF IT CAN GET TO 40..IF IT PRINTS 44 BUY IT FOR A TRADE..
10...NVLS--SAME DAMN SWEET CHART...BROKE ALL NEAR TERM SUPPORT UP..BUY ALL PULLBACKS NEAR 40/41 ON ANY REVERSAL STICK UP..SOLID OPTION PLAY FOR FEB..
HAHN WAS WRONG YESTERDAY, AND MAYBE CARPINO WILL BE TODAY???..WE ONLY USE THESE PEOPLE AS GUIDES, NOT THE GOSPEL...SO WE'LL SEE...
the firetalk room is the same..stocks options futures live with oj and teresa..
the password for today is cyclelows...
see you there
later
juice.. |
