Daily Analysis and Stock Ideas for 6/19/2013

Daily Analysis -
Nice bullish action last couple days leading to all  important day tomorrow with Fed minutes. Market is expecting clarification on Tapering but given the action last few sessions its unlikely we would see any major news coming out. Either way, stay nimble and be prepared with short and long ideas. If Tapering becomes reality i would like to go short real estate stocks or IYR itself, which seems a little tired already from the bounce. Some ideas listed below -

  
SPY Levels
167.70
166.46
165.10
164.67
163.98
163.30
162.70
161.20
160.30
159.70
158.10

Trade Ideas

 AGO - Long above 23.45. Stop 22.

 

KSU - Leading transports stock. Go long on nice FDX earnings.

 SIG - Going up on nice volume. Likely to see new highs if market support it.

RL - Retailers acting strong



Short Ideas

IMAX - on break of 25

 

PHM - Short with stop at 22.

 

SPG -  Short with stop at yesterday;s highs.