Monday, June 10, 2013

LULU day trade

This stock is gapping close to the 200 day moving average tomorrow, close to 71.5. There are 2 ways to play it depending on how it reacts in the morning 1st 5 min.
1. If it opens near the 200 day ma and then goes down, then this can be shorted below the 1st 5 min bar low
2. If it opens near the 200 day ma and then goes up, it can be played long above the 1st 5 min bar high.

Will have to wait and see what it does.

Sunday, June 9, 2013

FB swing


FB tested the support line and went up a bit. Need to go above this to start the swing, will head into resistance if it goes to 25. Breaking that is good for the stock. Need to be cautious at this level.
But longer term i like this stock and am buying it at this level.

TSLA on roll again

Had called for TSLA long when it was close to 82, went all the way to 110, now tested the 90 mark again and is back above 100. I like this and still stick with the 140 number. Check out all my TSLA calls that I had made.

Monday, June 3, 2013

WMT swing

Like WMT swing here. It may hold the weekly support nicely. One can start a small position here and wait to see if the pop today is going to hold. 74 and 73.25 are another key levels that it should hold.

TSLA swing

TSLA broke 100, which is a key psychological level. It may still hold here. Wait and watch before you can add to your position. Add above 100.
Check out my prior call on TSLA , had called it to go to 140

BMRN short

BRMN short- though this looks very clean on the charts after the fact, but it would have been very difficult to play it since the drop on the 1min was too quick and you do not want to chase it.

Ideally if the bars were smaller drops, one could have played it below the 1st 5 min . But this was not playable.