Wednesday, April 16, 2008

TRADE CALL: MELI $45 CALL selling here

Selling those calls from last week here @$4.00

60% profit on those..

We are very bullish today

We are very bullish today. Seem like the 200 ma's will be target on the upside if this push continues

Updates

MELI $45 CALL called last week @$2.50 now $3.50. I am riding them into friday or last tomorrow.
Yhoo calls basically flat .

GOOG: Keep eye on it today

With the futures up huge on intel's earnings lets watch GOOG today for all those active traders for a trade. Yesterday Google showed relative weakness and if it show weakness today before 10:30 am we can play it on the short side. This is a heads up trade on stuff I look at and since some of you have been asking me for my trades ideas these are some of the set ups I look for on daytrades.
Also it will be interested if this is the turning point in earnings or we just sell into the strength today. These signals will tell us how the next few days might play out. If it is a turning point I will be looking for the markets to test their prospective 200 day moving averages above.

Tuesday, April 15, 2008

Intel beats

This could be the upside I have been waiting for but I will wait and see. Intel earnings seemed impressive but you never know how they shake and bake it tomorrow.
I think tomorrow we should gap up and the weak stock should be a great short set up while the strong stocks like FSLR and the agros should be playable as 10 am highs.

INTC

Intc earnings should be out in a few minutes. Lets see what they says and see the reaction on the Futures.

GOOGLE Update

As I said this morning watch Google. Now down $6 and at its lows of the day. One to definitely watch down if IBM report bad. IBM had excellent earnings last quarter so personally I dont know. I Think whichever way Google ill be one to play as a 10 am play along with Apple.