Picks for Tomorrow July 3, 2013: $TLT, $COST, $UA, $GOOG

**Please note that the market closes at 1:00PM EST tomorrow.**

$TLT:  This is a bit of a risky trade in the sense that confirmation isn’t strong, but very low risk given your R/R ratio.  I think we will bounce off of that upper trendline down to around 107.82.  Although oscillators are turning up, it looks like we are in a bearish flag on declining volume.  So those are the major points of this trade.  I like this one on a 15min entry bearish.

$COST:  I have been watching this one for a while and I like it long on a close above 112.55.  Target is 115.40.COST_JULY_2_2013

$UA:  I like this one long as well on a close above 60.96.  I would really like to see volume pick up if we close above that entry point to confirm the trade.  I think this has a lot of upside with a target of 65.50.UA_JULY_3_2013

 

$GOOG:  The mighty Google.  Is it’s bullish run over?  It could be, but I think it has legs to run long if it breaks above 895.  Target is 920.  Notice that this would be an entry above a horizontal resistance and a short term downward trend line.  Stop is TBD.GOOG_JULY_3_2013

That’s about all for now.  Keep an eye and best of luck with all of your trades!

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