After a pause on the 10th, the market had a powerfully bullish day yesterday on average volume.  I’m looking for more upside today.

Current Positions:

$DIS: 25 shares.  Current Status: +.91%. Plan: sell at Target 1: $113.16.     Disney looks to have bounced off of it’s ascending trend line and is set to run.  Earnings: 6 Feb

$HD: 2 February $195 calls.  Current Status: +6.16%. Plan: Trim 1 call on the way to Target 2: $202.27.   Home Depot had a nice strong day pushing above the stagnancy of the last few days.  This ought to be the start of another leg up.  Earnings:  13 Feb

$IWM: 2 March $157 calls.  Current Status: +52.21%. Plan: Trim 1 call at Target 1: $158.28.  Big breakout today.  Lot’s of room to run.  I like this position.  Earnings:

$WMT: 2 March $100 calls.  Current Status: -8.55%. Plan: Trim 1 call at Target 1: $103.85. Walmart filled the gap and then back tested.  I’ll be watching it rather closes as it needs to show it can break out.  Earnings:  15 Feb

What I’m Watching Today:

$CAT:  This one is a bit risky since it passed it’s first target, but the stock has been so strong, it’s difficult to ignore.  I’m thinking of either buying 1 ITM call or buying a couple of OTM calls with a target of $175.81.CAT

$JNJ:  Johnson & Johnson closed above the “breakout” line yesterday.  I’ll be watching on the 5min chart for a close above the first 5min candle before getting in.  I think this play has some good potential to run.  Target1:  $148.63  Target2:  $154.01.JNJ.png

$MMM:  3M has been a very strong stock in the intermediate term and showed strength yesterday after a weak Wednesday.  I don’t expect to get into this trade today, but I’ll be watching for a close above the “breakout” line of $244.19.MMM.png

$SBUX: Starbucks is back on my radar and is setting up for a breakout.  Again, I’m not crazy about this stock due to over head resistance, but I will keep an eye on it.  Target 1:  $61.13   Target 2:  $62.58SBUX.png





Good evening!  Interesting day in the market.  We had an early sell-off that recovered.  I see this as a mere pause in the action before charging higher.

I’m still holding $HD calls.  Nothing exciting happened today.  Had some time decay.  My stop is at $191, so I still have a dollar or so at risk before potentially getting stopped out.

Let’s take a look at some potential plays for tomorrow, my favorites being $AXP, $DIS, and $LVS.

Breaking Out:

$AXP and $JPM are both breaking out.  Personally, I like the $AXP play better than the $JPM play because $AXP has a slightly cleaner chart and more room to run, but both have good potential.  I would apply the 5min rule before getting into either of these positions.  $AXP Target 1:  $102.50  Target 2: $105.    $JPM Target 1: $111.06  Target 2: $114.69.  AXPJPM

Second Target Push

$FB and $NFLX paused yesterday, but had better days today, particularly $NFLX.  I really like the $NFLX play here assuming it satisfies the 5min rule.  My biggest concern with $NFLX is that it’s reporting earnings after market close on 22 January, so there isn’t a lot of time to let this trade breath.  In either event, assuming I got into the trade, I would set my stop at the low of today’s candle.  $FB Target 2:  $193.73  $NFLX Target 2: $222.24. FBNFLX

Still Trying to Breakout-Out

A number of stocks are still on the cusp of breaking out.  I’m keeping an eye on: $IWM, $JNJ, $PYPL and $SBUX.  Of all of these, $JNJ is probably my favorite since MACD crossed and is bullish.  A potential $10 gain for a $2.5 risk.  However, be aware that $JNJ reports earnings on 23 January.  I would not get into any of these until the last 5-15 minutes of the day with price solidly above the breakout price.PYPLSBUX.pngJNJ.pngIWM.png


$LVS is bouncing off of it’s 50EMA.  Stochastics are turning up, as is MACD, although MACD has yet to cross.  RSI has plenty of room to run.  It has a reward of $9 with a risk of just $1.5. Keep in mind that earnings is on 24 January.  Targets:  1:  $72.24  2:  $75.3  3:  $79.25LVS

$DIS.  This trade could easily go against you based on the technicals.  However, if the bullish trend continues as it has over the last few weeks, we could see a bounce with a nice gain.  Notice the ascending trend line that has acted as support 3 times in the past.  If it holds a fourth time, I’d be looking at a target of $113.16.  I’m not sure I would hold beyond that due to overhead resistance, but for a swing trade, there’s extremely low risk.  I would get in on the 5minute rule OR, if $DIS gaps up and comes back down to the trend line, I would enter a small position with a tight stop.  I’ll have  my eye on this one tomorrow.DIS

1/8/18 – New Year New Approach

It’s been over a year since I wrote on my blog, but one of my new year’s resolutions is to take more time studying stocks and making proper investments and trades.  Today’s blog will look at some stocks that are breaking out, others that are close to breaking out, another in a bullish continuation pattern and finally one risky, but interesting stock.  So here we go:

Breaking Out:

$FB:  $FB has broken out from it’s short term channel and is moving up.  Target 1:  188.34, Target 2:  193.73.  FB

$HD:  I see HD as a little risky as it’s been in a steady upward trend for a while now.  Not to say that it couldn’t continue, but you may want a tight stop if you’re planning on getting in.  Target1:  $193.29  Target2: $202.27.HD

$MA:  $MA had a great day on Friday and cleared through the first target of $158.25.  Since it’s already through the first target, I would consider a small position to see if it can reach target 2:  $163.12  MACD is rather flat and RSI is high as well.  Be careful here.MA

$NFLX:  Target1: $212.36, Target 2: $222.24NFLX

$FLIR:  This is probably my favorite breakout play of the 5 breaking out stocks I’ve identified since it’s been consolidating for the last few weeks.  I would wait for confirmation at the open tomorrow before entering (i.e. when looking at a daily 5min chart, ensure the we get a close ABOVE the close of the first 5min candle.  This isn’t a fool proof method, but it’s rather reliable.  Target 1: $50.67  Target 2: $53.95FLIR

Breakout Potential:

$AAPL:  $AAPL has been consolidating the last few weeks.  If it closes above $176.34, it could reach Target 1: $182.13 and Target 2:  $189.59AAPL

$IGT:  $IGT is an interesting play.  It had a strong day on Friday and while it has not broken out, it has bounced off of the 50% FIB re-tracement and is following an upward trend line.  If you’re comfortable getting in now with a tight stop below the low on Thursday, it could pay off nicely.  Or you could choose to wait until it breaks out and closes above $29.40.  Target 1:  31.30  Target  2: 33.76IGT

$SBUX:  I’m not in love with this trade since there is some resistance above Target 1: ($61.13).  Target 2 would be $62.58 SBUX


$DAN: This stock has been in a solid up trend since July 2016 off of it’s low of $9.80.  Target 1: $34.93  Target 2: $36.75.  OR, this could be a stock you want to hold onto.   Also notice that MACD is turning up, Stochs are pointed up, as is RSI.  DAN

Risk and Reward

$VRX:  This is a pharmaceutical stock, which are typically risky by nature, $VRX being no exception.  A few years ago $VRX was ~$260 and fell over time down to $8.31.  It’s currently at $23.85.  I’m not saying it will get back to $260 and while there’s some overhead resistance to watch out for (see chart below), there is some potential for this stock to grow.  Proceed with caution, but keep it in mind.VRX


23 March Update

So the $DOW had a nasty sell-off at the end of the day, but still remains in an uptrend.  Meanwhile, the S&P, which also sold off, is starting to flatten out a bit.  Overall, I’m cautiously bullish.  If the trend of the last few trading sessions plays out, we can expect a white candle tomorrow.

Real Account Update:

Reviewing yesterday’s trades, $DD was up slightly. I was able to get into the trade around the lows of the day.  I bought the stock outright, rather than buying calls.  $DD held the ascending trend line and still looks healthy.

$EXPE sold off with the rest of the market.  I was hesitant to get into the trade, due to the volatile open.  $EXPE sits on solid resistance, so this is an even better bullish entry with less risk and more reward.  I’m not sure I will take the trade, but I’m very interested to see how the stock moves tomorrow.

What I’m looking at:


$JNJ has been in a down trend since the end of last year.  However, a double bottom may be in (see chart below).  If we close above the “neck line”, I like $JNJ long; first target ~$106.50.JNJ


PFizer just closed at its all-time high today.  You can see that MACD is about to turn positive and volume was strong on today’s breakout.  The long wick is a little concerning, but this entry provides low risk/high reward.  First target is $36.03.PFE


Lastly, Valero is on the cusp of a breakout to all time highs with MACD just starting to turn bullish.  If this one breaks out, I like a medium term target (approximately 1 month) of $68.45.VLO

  On My Radar:


Just a quick note on $AAPL; although it gapped up slightly, the candle was still one of indecision.  I’m still looking for the $129.50 entry.

That’s all for tonight.  Happy trading!


Market Overview June 10, 2013.

Well today took me by surprise a bit.  I expected a stronger day than what we got, but the good news is that volume was low.  I’d like to say we can expect a larger bullish move tomorrow, but we will have to see.  One interesting item of note is looking what happened during the last two upward moves.  Take a look at (chart below) December 31, Jan 2 and Jan 3.  Now take a look at March 4, 5 and 6th.  Pretty similar, eh?  Now take a look at these past 3 trading days.  Almost identical!  Now I’m not saying that for sure we are going to follow similar patterns, but I think it’s a logical thought.  We are still above the MAs, but it would be nice to see oscillators start turning to support the move.  Time will tell.

Regarding my HD calls… well, I got greedy, in plain English.  I think because of my losses from CAT and BBBY, I wanted to really get a big return on HD.  I had it.  I was at 26% ROI and I didn’t lock in my gains.  I had set a mental target at 79.50, which we cleared up to around 79.68.  Instead of putting in my stop or just taking profits, I watched HD slowly decay away to where I am now sitting at 0% ROI.  Wonderful that I’m not in the hole, but such a shame to have lost all that profit.  I’m not out of the game yet, but my stop is nearby at 77.19.  I want to give the gap a chance to fill without getting whip sawed.  If I get stopped out, then so be it.  I definitely gave the trade a chance to do it’s thing, I just should have locked in profits at my target, which is something I need to be more disciplined on.  Live and learn!

As for yesterday’s picks: KO did not trigger. LOW did not trigger. SBUX would have triggered for a small profit, but I thought it opened too high, so I did not get in.  WMT did not trigger.  BA did not trigger, and TSLA did not trigger since it never got above yesterday’s close.

Stay tuned for tomorrow’s picks!



Picks for Tomorrow: KO, LOW, SBUX, WMT, BA, TSLA

Well ladies and gentlemen, I have a lot to look at, so let me go ahead and get started!

KO:  At the start of last week, it looks like we formed a tweezer bottom/reversal.  With oscillators bottoming out and starting to turn up, I like KO bullish with a close above 41.79.  Stop is 40.94 and my target is 43.05.  This gives me an ROI of slightly better than 1:1.  Not the best trade, and actually as I’m looking it over, I think this trade will take a lot of patience.    I’ll post it for reference.


LOW: Similar situation as KO, but I like this trade a lot better.  Rather than waiting for a close, I would wait for confirmation after the first 15min.  Oscillators have reset and are starting to reverse bullishly.  We closed right on the 10 and 20 EMAs, so I think we have room to move up!  Stop = 40.72 and Target = 43.24.


SBUX:  We just made an all time high!  RSI changed direction bullishly and MACD/Stochs are pointing upward.  They have not crossed yet, so while they are moving bullishly, be cautious if you enter the trade.  My stop is at 63.75 and my target is 66.24.  This would be a 15min entry type trade.  This is another 1:1 trade.  Once again, as I’m looking at this one,  the risk/reward isn’t as good as it could be.  Keep an eye on it though!


WMT:  This one looks good with a close over 77.35.  Target is 78.76 and my stop is 75.95.  This entry allows for a close above oscillators and gives MACD and Stochs to cross upward (although they are already pointing bullishly).  RSI has reversed.  This gives another approximate 1:1 ROI.


BA:  Last but not least is BA.  BA has breached its all time high and is continuing it’s upward trend.  This is a 15min entry with a stop of 100.50 and a target of 105.01.  Not much to say about the oscillators or MAs as they have a similar story to the rest of the stocks I’ve looked at.  This trade has a 1.5:1 ratio.  This is probably my favorite trade of the lot!



Also, take a look at TSLA.  I don’t have time to post a chart, but it looks like an early morning entry if it moves bullishly.

Goodnight all and happy trading!