Friday, July 23, 2010

A Few Trades

I'll be putting together the July /Aug Spread sheet this weekend,

Here are some trades I like right now and they will be on the SS.


AAPL Short with a stop @ $266
MCD Short with a stop @ 71.75
GEX Long with a stop @ 20.08
WTR Long with a stop @ 18.50/ this is a limit order trade although you could buy at market, I'd prefer to buy a pullback to 19.07
GLD Short with a stop @ $118.50

Still in the PRSP trade, earnings beat, they have a conference call at 10:30. If you want a quick trade, you could buy now with a stop either at 33.20 or mine at 32.85. For an upside stop use the 50 bar moving average on a one minute chart.

The market appears to be in bad shape as I mentioned last night

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