Possible Trades for the Coming Week

Between now and the end of October is where stocks tend to bottom out and head upward.  Assuming there's no October crash (and assuming the Fed says nothing about tapering) the markets should rock and roll sky high in November.  

If the Fed says they'll taper this week, we could probably expect a crash (and unfortunately I'm not joking here).

I've got charts posted below for four potential upcoming trades.  The only downside trade I have posted is Yahoo, and that's because it's got quite a ways to go before it hits any resistance on the charts.

Activision Blizzard (ATVI)

Goldman Sachs (GS)

Petsmart (PETM)

Yahoo! (YHOO)

August 1st, 2013

Lots of positive news on Wall Street today boosted the Dow and S&P to record highs, while the Nasdaq hit a 13 year high.  Jobless claims were less than expected, and the ISM index for factory activity rose to its highest level since June of 2011, which bodes well for American manufacturing production.

In other news, the SEC won a lawsuit against Fabrice Tourre, an ex-Goldman Sachs VP responsible for the creation of "Abacus" - a multi-billion dollar mortgage backed security that was designed to fail from the beginning, but was marketed to potential clients as a "sure thing" and is considered one of the catalysts that lead to the economic collapse in 2008.  Mr. Tourre was found guilty of securities fraud in excess of $1 Billion.  Goldman Sachs already plea-bargained to the tune of $400 million previously, and the company was not involved directly in today's ruling.  However, there is now speculation that individual investors may use this as a basis for future civil suits against Goldman Sachs.  Only time will tell.

Finally, automotive sales have increased yet again.  Pickup sales are leading the pack as commercial customer seek to replace trucks in their aging fleets.  Commercial customers need replacement trucks because, as the economy picks up and work is required, so to will trucks be needed to do the job.

And I end with a 5 minute snap shot of the DOW

Note the HUGE gain at the beginning of the trading day, followed by the narrow range that the index traded in for the rest of the day.

End of July Trends

I decided to try something new.  Since it's the end of July, I took a look at all my trend charts (aka - weekly charts) and did a review of them.  I'll be posting the ones here where I noticed an actual trend, or where I noticed support/resistance levels that are set to be broken.

The thick pink lines on each chart denote either a trend, a support, or a resistance.

Apple (AAPL)

AMD (AMD)
AMD looks like they broke below resistance on the weekly

Citigroup (C)

Goldman Sachs (GS)

Nvidia (NVDA)

Sandisk (SNDK)

Does not have a trend, but DOES have a fat pitch going down on the weekly

Yahoo (YHOO)

July 29th, 2013

Been a few days since my last post.  Back was killing me Thursday, July 25th and I spent Friday, July 27th trading.  My results Friday were good.  I successfully executed a put option play on the QQQ ETF with an original position size of $3,000 at 10:27 AM and exited the trade with a profit of $1,000 at 10:50 AM.

Today's results were not as spectacular, however I did manage a $100 profit on a sniper call play on GS.  Toward the end of the trading session I did enter a multi-day put play on GS as their stock is coming off a 52 week high, the market is turning over, and it has a lot of room to close the gap between the trend line.  Plus the entire financial sector is facing pressure with rising interest rates, and the Federal Government accusing JP Morgan (JPM) of manipulating energy prices out west.

Aside from rising interest rates and the JPM fiasco, the biggest news of the week will be Wednesday when Ben Bernanke announces the Fed's position on ending stimulus.  How the market reacts will be interesting, to say the least.