Monday, February 11, 2013

Daily Analysis and Stock Ideas for 2/12/2014

Daily Analysis -
I'm keep the analysis short as we had a pretty uneventful day today with chop around in a tight range. No real news coming out this weekend. GLD sold off today basically on no major news. Financials still look good and until i see weakness in this sector, I'm still bullish on the market. Semis are acting very strong as well, may consider adding a name here if the sector stays strong. Finally, I'm starting see some divergences on RSI and Stochastics so its good to trade with caution and tight stops.

SPY levels
Resistance - , 152.35
Support - 151.40, 150.40, 149.60, 148.42, 147.40, 146.30, 146, 145.60, 144.50, 144, 143.06

Holdings
Long -  JCP (1/3),  TNGO, YPF, NVDA, VALE, ARNA, MHP, SHLD
Added - C at 43.10
Closed -None
  • No day trades today, although considered trading UNXL, which looks set for higher prices.
  • MHP, NVDA bounced back nicely, while YPF dropped. Still holding YPF with stop at 16.
New Trade Ideas
CRUS - Go long on decent volume.
WFC - Another bank stock forming a nice bull flag.
SGI - Nice bull flag.




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