Monday, May 21, 2012

New Longs WYNN FOSL IWM.

  • Wynn Long at $100 trigger today
  • stop is confirmation below Double Bottom
  • Target is 20Ma
  •  FOSL long at $69.90
  • Stop is Confirmation below Doublt Bottom
  • Target is 3-5 day Swing


  •  Long IWM at $74.50
  • Target is 20Ma
  • Stop is confirmation below 200Ma
  • This was a great play due to Double Bottom & Gap Fill


**Holding Call options on JPM and XOM... did not have a great day on the options today.  New Stock Pick ups are doing great... Wanted to enter BHP at double bottom but could not get a good entry.

**UUP & DXY put in a good engulfing candles today more downside in the dollar to come... upside bounce for about a week... then re-establishing shorts ... down cycle still very much present.

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