We are up $9 here on SKF after hours from our trade call. I will be riding this one tomorrow. First resistance comes in @ $147 so if you like you can take 1/2 profit there +$12 profit.
SKF has always been sweet for us and seem like it will be sweet again
ONLY WINNERS HERE!!!!!!!!!!!!!!!!!!!!!!!!!!!
Monday, July 21, 2008
APPLE and AMERICAN EXPRESS.
Apple disappoints after the close and tech looks like it is going to be the next shoe to drop. I have been singing on this for awhile but there is no way tech stay strong in a weak economy.
SKF baby call was buy 1/2 share lot today @$135 or play the $135 calls @$15. SKF up $5 after close on American Express disappointment. Good shot here folks if Wachovia say bad news in the morning we will get $148 on those tomorrow and those calls SHOULD be worth around $25. We will see soon enough.
ONLY WINNERS HERE !!!!!!!!!!
SKF baby call was buy 1/2 share lot today @$135 or play the $135 calls @$15. SKF up $5 after close on American Express disappointment. Good shot here folks if Wachovia say bad news in the morning we will get $148 on those tomorrow and those calls SHOULD be worth around $25. We will see soon enough.
ONLY WINNERS HERE !!!!!!!!!!
Banking stocks
Banking stocks running out of steam here. If the banks can't continue there momentum we should trade down this week. Today breath was positive but volume was horrible which is not a good sign for the bulls.
Lets see how the close us.
I this think we head higher but I am ready to play both sides
Lets see how the close us.
I this think we head higher but I am ready to play both sides
SKF OPTION
Just got an email asking if the call options are playable. Yes they are! August $135 could be used for the play
Options are around $14.50-$15
SKF HT
Options are around $14.50-$15
SKF HT
TRADE CALL: SKF (1/2 lot)
Lets try this one again. Has been a huge winner for us multiple time.
1/2 share here will add if it dips to $123 area.
enrty $135 here
1/2 share here will add if it dips to $123 area.
enrty $135 here
Futures guys: Heads up
Looking to short ES futures @ 1272 if we get there in the first hour. stop 1280
This week
I will be starting this week in neutral as many conflicts are showing up in the charts, so I will be waiting for the market it tip its hand. With 10 Dow companies and 150 S&P companies reporting this week, we could be in for a nice volatile week.
Numbers to watch on the upside on the S&P is the important 1292 (38% retracement) and the 1320 level (50% retracement). On the Russell we have 704 and 720 on the upside to watch.
The bulls must make a stand here especially with the news out this morning from Bank of America that showed a number of areas showing strong growth.
Keep an eye on BIDU seems to be in a stealth bear flag.
Numbers to watch on the upside on the S&P is the important 1292 (38% retracement) and the 1320 level (50% retracement). On the Russell we have 704 and 720 on the upside to watch.
The bulls must make a stand here especially with the news out this morning from Bank of America that showed a number of areas showing strong growth.
Keep an eye on BIDU seems to be in a stealth bear flag.
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