Long Set-ups & Entries

• FOSL LONG @ $70.00 pivot low 8/6/11
• Bearish flag pattern currently considering shorting this on time count or spy back-test of H&S.

• XOM Long at $82.00... Double bottom
• Beautiful Symmetry, does get much more symmetrical then this...
• Target is $85.00
• Stop is close below 200Ma

 

• ZNGA LONG @ $8.00
• Double Bottom, Kinda weird because we confirmed below the double bottom yesterday then put in an engulfing candle today. 
• With Facebook IPO this week ZNGA should see some derivative/correlation action on giddy retailers.
• Stop can be standard loss once entered 
• Target Ez money to 20Ma

  

• ES-Mini Futures Were held from low pivot 3/6/12
• SPX, SPY, all cut thru the march support like a cheese knife however ES-Mini Did not. I am still following the ESM12 and studying its reactions compared to other indexes and ETFS...
• If this support holds we should see a nice bounce for the rest of the week. I am still macro bearish and have been since mid-march.
• If in any case we back-test the Neckline on ESM12, SPX, SPY... ITS A DEAD SHORT.
• Disclosure... I am long SPY with Weekly 134 calls.