Posts

ABP long

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Released this pick to Gold members intraday. Putting my money where my mouth is with this one. Looks a decent cup-and-handle play with a strong weekly chart. In: $3.03

TSCO out

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Sold the TSCO shares to bank what profit I had. No sell signal yet as it trades inside a narrow, but well defined range. I am watching for a dip back to the breakout gap. I still like this play but the market 'wants' to go down.

XLE puts

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Energy stocks look to have peaked (equities lead commodity prices - look for oil to peak in the next few months). We are looking at a nice bearish flag in this index. Should be worthy of a few puts for a downside break Puts $2.65

MLNM Calls $1.95

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Looking for a relief bounce in this beat down issue. Bounce will depend on tech issues, but likely worth a nibble. Calls $1.95

QQQQ calls

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Switching to a bounce off the 200-day moving average. Short term move only Calls $1.45

DIA covered

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Friday's doji on volume made me dump these on the open. Given up an extra $0.60 from where they are currently trading now. Bgt $1.00 Sold $2.10

VICL out

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Stop hit on a day of broad selling in the market In: $5.38 Out: $4.68

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