This trade will make you $2K in a relatively short amount of time.
JACK is becoming a favorite of mine,
ever since BKC is below $16 go long,
easy $2K entry went away a few weeks back.
$2K is not a $2k kilometer workout! It’s Money!
UPDATE MON–78 entry w/ 1% stop loss, stopped out
77 entry w/ 1% stop loss, stopped out….
Now MON is at RSI 34—Forget this stopping out everytime!
I’ll wait for RSI 30, and try going long MON there—
btw, I never took a position in MON, because I was waiting for $77 entry.
When MON hit an intraday low of 76.04, today–
I have to admit, I am a little nervous about going long MON.
If I see MON at $74, ( approx RSI 30) I’ll try going long.
***
***
Off Topic!
I’ve been going with this theory and trying to sell it, to anyone that would listen,
Starting at the end of JULY or beginning of AUG.
Annamall, at evilspeculator had the same idea, so I’m not alone.
The market will keep going higher until the Healthcare bill gets passed,
because The Prez, needs the market to stay high. To keep interest in it, high!
Keep following me on this train of thought—
Mass, passed a bill, that let’s the empty senate seat fill fast, 3 days ago—
I posted it—Democrats get 60!
Now that the democrats have 60, the Prez,
doesn’t need the stock market to be high anymore,
and so, IT”S NOT high anymore!
• Thursday, September 24th, 2009
Category: food sector
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DGX was amazing, FSLR did exactly what I said it would do at 147! et cetera, et cetera, ad infinitum.
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C: I'm getting concerned about it here. It could test the $3.20 area if market weakness persists.
joy to the world.
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UNG: no way, $12? time to study up on the futures over the weekend
MGM: I want $11.25 so I can add damit!
MYGN: falling knife
IEC: at the middle band, its a buy on a tick just below the middle bb
SLV: good day to buy if you haven't
YRCW: I think I will wait for $4.30 area or even the middle band
JAZZ: wait for the bollingers to come together for the squeeze. A buy at $8, for sure a buy at $7, no idea of a stop on this puppy.
FXP: wait for $9.40 or $9.20
man I gots lots of info
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BIDU
http://www.screencast.com/users/berkshire/folde...
LVS
http://www.screencast.com/users/berkshire/folde...
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FSLR http://www.screencast.com/users/berkshire/folde...
I'll have to oppose his $110 low, NO way!
ICE http://www.screencast.com/users/berkshire/folde...
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http://disqus.com/berkshire/
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SPY downside targets:
103.30
102.10 (gap fill)
Look at these areas for getting long. 102.10 would also support the weekly chart. 102.83 would support the monthly.
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Thats all I have today.
good luck.
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VG
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IMO not that surprising.
I hope you all had some good short trades today via SRS, FXP, etc... I had one profitable trade in FXP and one in SRS. I can't remember if I posted them over at Bluechips or not. It has been ages since I dabbled in SRS.
Best of luck tomorrow. Quiz: What is supposed to get a pop tomorrow? Does anyone remember what I said last week?
I got some family in town tomorrow so I might not be around. Good luck.
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