RSH
CTRN,JLL,ZMH
CTRN clothing, is a confirmed falling kinfe…Wait fo’ the first up day, and then go long…
JLL is the hottest of all the IYR components….this low, won’t last that long….
ZMH, near a double bottom, you better go long if the market high fives you that double bottom….Hottest of all the medical devices companies.
On Drums, ( C. Watts, Rolling Stones ) I got to see this concert at a High school auditorium…
LZ
Solar stocks have been going down quite a bit for the past 2 weeks. FSLR’s 200 day is 124…That’s where I would try going long. They were down $8 in after hours on good earnings, but poor margins.
I’d at least wait 2 or 3 days, to see if it has an up day…
One more day in OCT, thank goodness…Oct is my worst trading month…even though I picked 75% winners…It’s true, my account only went up 5%….
NOV AND DEC are hot for me. Even though I may only pick 75% winners, again! the account should go up more than 10%…
I really wish IWM would pullback 6%…That would give me more confidence in my longs…
There are 3 events next week, and any one event can start a pullback…They are ( elections, Republicans fail to capture the Senate) FOMC ( They probably tank the market anyway), and employment report.
I can’t sleep lately, so newsletters are going out at midnight…
NEWSLETTER VOLUME 11 #2
Why do a chart, when I can just tell you the obvious.
BRCM, let it go 4% higher, then short it.
41.61 + 4% = 43.27 …SHORT 43′S
CMG, THERE’S AN OUTSIDE CHANCE it can reach $221, if it does SHORT IT!
LXK EARNINGS disappoint, or do they? Not by this much…go LONG…
Lexmark Computer printers…
SOHU, short now or at 78.5, use the JAN 90 puts…try to make $300 or $400…and then repeat. This may be a trade that keeps on repeating, so don’t get too greedy.
Here’s some past trades…
5 IYR companies report each day of next week, look for IYR to be skitzoid.
COP reports, don’t short.
ABX reports, don’t short.
