Nice trade HG. Retails are strong given Monday's sales report. Both COH and BBBY are moving in the right direction also. http://stockcharts.com/def/servlet/SC.pnf?chart=coh,PRTADANRBR[PA][D][F1!3!!!2!20]&pref=G
Well that one was the one I unfortunately didn't trade. If I did I would take profits by the end of the day.
I think dentist had it slightly wrong(maybe a mistype) The brick wall is at 49.00 and it may take awhile to get above it. Also when a stock gives me better than a 5% return in one day I am out of there and looking for a pullback to enter again.
My take on Tif on a pivot point plot 1. I think 52.00 level is in play for a target 2. I would love to get long at either 45.00 or 44.00 3. If I was long this stock for this move today I would take profits and wait to re-enter an 45.00
FDG looks great 1. I would look to take a long bias on the retracement to 65.00 and day trade around there 2. This stock really looks good it may be a good long term buy on the retracement to 55.00
I like it as well, and I am not afraid to buy a stock after a run-up with a minimal reversal, and a new breakout. I would buy half at 73 and the other half at 70-71 if given the opportunity.
i must be wrong on tif.my data is eod.based on wednesday close.so i think the res area i quoted must stand as the next support area when the profit taking begins the res area i quoted was updata charting generated
MOS has run up hard recently, I still like this 130 breakout. The daily trend is up, relative tight stop can be placed and it can move to 140/50 in a hurry. Anyone disagree? (I own Jun140 Calls.)