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.

TRADE SETUP: HOC SHORT

HOC is forming a bear flag here on the daily. I will be looking to short @$28.25 with a $2 stop on the play. If the bear flag kicks in I will be looking for profits in the $24.50 area..


HOC short @ $28.25, $2 stop

Neutral here

Folks I am neutral here on the markets. I see alot of reasons why we can go both ways. Monday after the close APPLE reports and if they dive after earnings expect tech to get continued selling following Google and Microsoft. I think Tech will be the next selling group in the market. Right now my thinking is we will have resistance on the DOW around 11700/11800 area and S&P should find resistance just little higher @ 1275/1290 area, the upper range would make a great poke at the short side with tight stop.
Why am I neutral? The levels noted above: if the bulls take them higher and can confirm volume we will no doubt be in a trend to give one more push higher. I extremely doubt we get to the 12300 area but you never know. Oil also looks like $122 which is the last swing low is a magnet and a breach of that would lead us to the $117 area, which would be worth 3-400 on the DOW in my opinion.
Have a great weekend folks and let me TONS of money next week!!!

I will be giving out 2 stocks next week maybe wednesday or thursday for swing plays so stay tuned.

TRADE IDEA:WM

If you can short WM please do . No OPTIONS on this one just a plain short with a $1.05 stop.

Early plan for next week.

S&P huge number @1275. 'If' which I think we will push into this number Monday or tuesday the bulls have to respond and enforce a rally. I will look to short somewhere between 1276-1279.
I will also be taking 1/2 share of SKF long when we trade into that zone. I am looking for entry around $130 and another 1/2 share if we dip to $123.

TRADE CALL :BID

One for the road over the weekend . BID short here @$26.

Not a big play have a stop loss of $2, so will stop out @$28.

Have a great weekend