Both went higher today. Citibank @$27.50 is a golden short in my opinion. I will watch it the next few sessions. FNM $30 would be my ideal spot again to enter short.
Keep these on your watch list for 10 am lows.
Thursday, April 24, 2008
1396, 1396
Those were the numbers I have been focused on and I have posted it here for people to do the same. We hit it this evening and just rejected it. That's strong strong resistance here. If the bulls want make a firm stand they need to get over that level in the next few sessions with conviction.
SKF already +$1. I am riding this again!!!
Microsoft will report in 5 minutes.
SKF already +$1. I am riding this again!!!
Microsoft will report in 5 minutes.
TRADE CALL : SKF
Yes playing this again. No way we out of the wood in the financials and new home starts at its lowest level in 16 years, where are banks going to make their monies. I will take the counter trend trade here.
SKF long 100.68
SKF long 100.68
WOW
Wow I was so correct here guys. Wrote last night that I think we can push higher and bam we are a couple of points away from 13000. Geez I was outside doing yard work I could have made the kachingos mega today, oh well, you can't get them all. Alot of stuff are running higher here and this is great, this is going to set up some wonderful plays.
SOV is now below $7, what a call is that geez!.
With this amazing move stocks like Bidu is flat, FSLR is down, agros weak, which tells me rotation is going on in this rally as I mentioned last week. Last week I said watch out for rotation as the high flyers are getting stretched and people will move out of them into the beaten down financials and tech etc. That's how you play the market folks, I have no special powers I just know the movements which are obvious to most.
Now I will tell you this after earnings season we will rack up especially in the summer with some short side plays, just watch and see. I notice the rotation into financials here, it is just that and nothing else, big money aint investing in them here. FNM at $30 is another free money play on the short side and Citibank.
SOV is now below $7, what a call is that geez!.
With this amazing move stocks like Bidu is flat, FSLR is down, agros weak, which tells me rotation is going on in this rally as I mentioned last week. Last week I said watch out for rotation as the high flyers are getting stretched and people will move out of them into the beaten down financials and tech etc. That's how you play the market folks, I have no special powers I just know the movements which are obvious to most.
Now I will tell you this after earnings season we will rack up especially in the summer with some short side plays, just watch and see. I notice the rotation into financials here, it is just that and nothing else, big money aint investing in them here. FNM at $30 is another free money play on the short side and Citibank.
Trade Update: SOV
SOV I dont know how many of you are still holding but this one is going to $4. I gave this out short from $12 area calling it to $5, now trading premarket $7.50 awesome call.
Only winners here
Only winners here
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