i have a growing list of stocks, that potentially have 6% higher to go, before i’d short them, and that’s before they report. if they beat the street by 2%, with good forward guidance, i’d have to raise the short sell price even higher. possibly as much as 4%, added to the 6%.
i don’t like playing sector rotation. the shorts don’t pay enough, and the longs have to have loose stops, to get the full ride.
i had MCP at 25, closed 27,was stopped out, today 30
next tuesday morning C,$WFC report. 30-31 is my WFC target price. if they beat the street by 3%, then it’s 31-32.
the market has almost added all of 2012’s eps into WFC’s price. the slightest miss, will send this into oblivion, and take down all the other XLF holdings with it.
GOLD Hour chart analysis:
http://niftychartsandpatterns.blogspot.com/2012/01/gold-support-levels.html
i have a growing list of stocks, that potentially have 6% higher to go, before i’d short them, and that’s before they report. if they beat the street by 2%, with good forward guidance, i’d have to raise the short sell price even higher. possibly as much as 4%, added to the 6%.
futures up dow 24. it’s been like that every night. yawn.
i don’t like playing sector rotation. the shorts don’t pay enough, and the longs have to have loose stops, to get the full ride.
i had MCP at 25, closed 27,was stopped out, today 30
the max DIA for JAN is 128,as near as i can figure, and that’s
doubtful.the spy 500 earnings would have to beat the street by 4%…
2% beat, gets me just above 2010 highs.
Can you see any reports that may affect the market between 23-27?
Edit: I’m mostly looking for something that CNBC would consider an “excuse” for selling.
next tuesday morning C,$WFC report. 30-31 is my WFC target price. if they beat the street by 3%, then it’s 31-32.
the market has almost added all of 2012’s eps into WFC’s price. the slightest miss, will send this into oblivion, and take down all the other XLF holdings with it.
i forgot i had a 4X position short in UGA, In one of my accounts. up 1.8% on it. not too shabby.
solar stocks were ramped up. that’s usually the last sector to get ramped up, before a pullback
KSS , INTC update
http://zstock7.com/