Posted by nootcherz20

Futures and Emissions…

Good morning all, its Tuesday September 22nd and based on the futures action, its going to be an ugly day at best.  As I write this, /ES is currently off by 30.75 handles.  As to why this is, I have no fucking clue.  The headline right under “DOW FUTURES DOWN ABOUT 1.5 PCT,” is something … Continue reading

Skymobi Limited ($MOBI)

Skymobi Limited ($MOBI)

Flag forming on the daily chart. 5.10/15 should set this one off.  Over 5.50 (see weekly chart), and this one is off to the races. weekly chart here….

Alpha Natural Resources ($ANR)

Alpha Natural Resources ($ANR)

Alpha Natural Resources broke above the long term down trendline on 8/9 with above average volume.  It has since back tested the break out and is now looking to head higher. A break over 6.20 and our price target is $7 near term. Here are todays options statistics: Disclosure: Long Sep $7 calls @ .21

8/13 Watchlist $DE $HLF $IBM $NFLX $DECK $RGLD

8/13 Watchlist $DE $HLF $IBM $NFLX $DECK $RGLD

Deere (DE): Looking for a long entry over 84.00   Deckers (DECK): Flagging on daily, looking for long entry over 58.75   Herbalife (HLF): Flagging above moving averages on daily, looking for long entry above 67.4 for another Ackman beatdown. IBM: Possible reversal pattern brewing here, double bottom.  Entry long 189.7   Netflix (NFLX): Riding … Continue reading

$WYNN

$WYNN

  I wouldn’t short WYNN until it break below the uptrend line (127.50ish). Break above 134 could push this to 140…   no position…added to watch

$CAT —  drowning or about to pounce?

$CAT — drowning or about to pounce?

  Alright, we have a lot going on here with Caterpillar from a technical standpoint.  None of it looks good long term, which could also spell trouble for the DJIA if CAT continues to underperform.   On the chart, you can see a longer term HnS coupled with a shorter term HnS. It did manage to … Continue reading

$FOSL

$FOSL

  Cup’n handle breakout with bullish MACD and RSI.  Options trading is fairly thin on this name, but posted a P/C ratio of .28 on Friday (1,007c/285p). Disclosure: No position.  Will initiate a long position in the Aug 110C currently (7.40×7.70) above 112.23