SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Befriend the Trend Trading
SPY 694.04+0.7%Jan 9 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dr. Stoxx who wrote (2528)1/3/1999 7:53:00 AM
From: Dr. Stoxx  Read Replies (4) of 39683
 
BLUE CHIP RECOMMENDATIONS FOR NEXT WEEK:

All long, all in strong uptrends, all have paused and appear ready to resume. None are "classic" signals, but are perhaps ready to return 5%-10% in the near term.

LLY: trying for the third time to break 91. Right at support (40MA), lower trendline. Loss on last trading day makes for an attractive entry. See: timely.com

ABT: trying for the third time to break 50. Strong "classic" signal has already formed on Stochastics. See: timely.com

CPQ: mini-buy signal forming, with divergence relative to price. Strong uptrend looks ready to resume. See: timely.com

CSCO: could be topping, but a riskworthy trade would be to set a limit order just above the last close. Very strong uptrend that should continue pending further strength in the Naz. See: timely.com

It may very well be safer and more profitable to buy just-OOTM calls on these. I'm still leery of options, but my wife has no such qualms!).

Still looking for prime smallcaps for this week.

Good luck, TC.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext