Thursday, July 17, 2008

Nice move up

Nice move up off the open. S&P @1258, Watch that 1275 area if we get there today

Nice move up

Nice move up off the open. S&P @1258, Watch that 1275 area if we get there today

Thanks Guys

Thanks for my readers who made fast money yesterday on the USO puts. They were up 100% in about 30 minutes. I really appreciate the kind words.


ONLY WINNERS HERE !!!!!!!!!!

TRADE CALL UPDATE:TWM

PUTTING STOP @$75 HERE ON THE REMAINING 1/2 SHARES. That should look in +$6 on the second 1/2.


ONLY WINNERS

1275

1275 magic number on the S&P.

Target to the upside is there. I expect us to get there. We are at 1250 before the open but not like I am expecting it to get there today.

1275 should make a nice short opportunity.

Also Dow 11600-11750 is heavy resistance and should be a good area to short.

Wednesday, July 16, 2008

EBAY

I just wrote on Tuesday that EBAY should see $15. They reported after hours and missed.

Just another Idea: NOT YET PLEASE

I am so waiting for GOOGLE to report tomorrow. I can remember the last earnings report like it was yesterday. A good friend of mine was asking me what I think will happen and I remember saying to him GOOGLE is trading like it is going to dive after earnings and then pop goes the stock $100 points on the upside still leaving the gap there after 3 months. Now we are doing the exact opposite, where GOOGLE looks strong going into earnings as it should logically, no one want to miss the $100 upside again BUT is it setting up to do the opposite? I DON'T KNOW!!!!!!!!!!!!!!!
I will watch the move and see what happens. Personally I would love them to blow out and go higher because I think TECH is about to fall fast on the next impulse to the downside but that's just me wishing :)
I sold some QID which I bought @$39 +$5 last week and would love to sink my teeth in some again..............


MARKETJEDI