Stock Trade Team

Congrats to everyone who bought some gold to the target of 1120!

US GOLD SUPPLY FOR CASH ALTERNATIVE.

We’ve been really busy with out other projects, but after studying some charts we see gold futures poised to continue running to 1120. Once it gets that high be ready for some profit taking. We’re looking at the mini gold futures on this target. Alright that’s it for now… Trade Smart!

It’s options expy day today so the action could be fast.  Be sure to know whether you’re going into cash for the weekend or taking some risk for holding over.

PG and IBM look like large caps worth a watch.   We’ll continue to monitor.

We’re watching APC and FLEX this morning.  We’ll update in a few…

Just saw the headlines and was like, um ok, what has the Gov’t done to give them credibility to say that?  Hmm, give billions in cash for clunkers into depreciating assets.  Bail out banks with trillions when the banks aren’t even willing to help their customers get out or refi the bad loans they have them in.  What will that do to the markets?  Well, since the big money controls the majority of the marketplace, we can continue to see some upside.  The SPY might get to 113 before we see any downside action.  But when it hits that level look out below!

ADSK and ANF are on our watchers…

Futures slightly mixed this morning. We only have a few min before the open. FSYS looks dcent if it can sustain the upside gap. If it can breakout above that 32 range it could see 33.50. We’ll try to post a few more picks we like in a few min after the open. Trade smart!

Sorry was hoping to get posted this morning but things moved fast. We were watching TOL this morning and also MDR. If we see anything else we’ll update

Futures were lower this morning. We’re watching HRL as it could be an under the radar play. If it can hold above 33.55 level we think it can potentially get to 39.50’s. It’s finding resistance at the 33.44 level right now though.