Hopewell's Journal

CRK target $22. Stop $18.50. Entry at $19.75 or below. Check out this 30-minute chart. No pullbacks were allowed today! These buyers appear hungry. Highest volume day in years.

<img src = "http://i1233.photobucket.com/albums/ff390/Hopewell3/111206crk.png">

<img src = "http://i1233.photobucket.com/albums/ff390/Hopewell3/111206crk30m.png">

 

First target reached on SFLY ($24.88). 1/3 taken off. Stop comes down to breakeven. Entry at 27.75.

Next target is 200ma on weekly chart, around $24.00.

 

MCD should be touching $100 soon. This week I imagine, or perhaps next week at the latest.

 

I suspect SPY is on its way now to touch the Nov 8th closing price of $127.88.

 

Hahaha. Gotta love that FOMC.

 

WFC shooting for yday's highs

 

WFC continuing its journey to Tuesday's high

 

WFC looking especially well today compared to SPY. Should reach the high of the 13th in a matter of days.

 

I think TNA here is a better buy than WFC for the same movement. More bang for the buck. Sell TNA once WFC crosses above its high of the 13th.

 

Buy TNA at or below 41.70