Stocks to Watch

Today the bullishness continued with help from good earnings and the the New Home Sales numbers which topped estimates.

I may or may not take these trades, will need the setup to develop, but the following stocks will be in my Cross-hairs tomorrow

AMSC - own some will look to trade around position
LEN - I still own some DHI and HOV
CNP - will be out before earnings
SYNA- looking for it to extend further to 34 only a daytrade for now
YGE - above 12.60 looking for it to go to 13.50
TCK - Reports, looking to set up a bull call spread depending on the earnings reaction I am looking to put on a possible Sep 37/41 Call spread

JBHT - continue to like the truckers
RBCN - picked up some today looking to add on strength but will exit prior to earnings.

Today I did pick up some CREE aug 75 calls @ 2.55 shaved a piece off @ 3.85 looking for the stock to go to 77. I still on 3/4 of a full position

I also picked up some USU @ 5.29, AGO @ 16.48, and RBCN @ 32.91 which I am swinging.

I will also continue to watch yesterdays list as the setups are mostly still intact.

Please keep in mind we are short term overbought and a pull back is warranted and would also give a buy the dip opportunity at least for the time being.

We have taken out the downtrend line and the 200ma mentioned in previous videos, but need to maintain vigilance as we continue to be in earnings season and the market can move on news as we all know.

Tomorrow we have the Case-Shiller at 9 am est. and Consumer confidence numbers up at 10 am est.

Please manage your trades effectively and allocate accordingly at all times, keeping in mind risk management is key.

Trade well,
Pete

A couple of stocks I will be tracking very closely this week.

The markets yet again tried to prove as many people wrong as possible. While many were thinking we may go lower the markets surprise once again. She has shrugged off some negative news and continues to push higher. We are short term overbought here and might see some consolidation if not a bit of a pull back. We are in earnings season and that can keep the current market volatility intact. We have seen impressive reports out of companies which has helped heal the markets some. The week before last, the markets were looking very weak. The turnaround last week with fairly good volume has given the bulls some fire power and forced many shorts to run for cover. There are still many shorts camping out and if these markets can sustain some upside momentum we might witness large moves higher in part due to short covering and money from the sidelines that will be put to work by fund managers in fear that they will miss the ride up yet once again.

With that being said, I believe last week was a positive one for the bulls that can help build stronger momentum. As always use proper money management and allocate accordingly when taking on trades.

Some stocks I will be watching super closely and trading this week are,

IPI - 21% short ratio I continue to like the Ag space here (DBA and MOO)
IOC - 10.8% short ratio
BG - I will be looking to get net long some call options here nice Inverted H&S.
AGO - looking for a break of resistance for a possible $1 move up at minimum
OII - looking for a break of resistance
CREE - looking for a move to $77 look at some 75 calls or verticals
MELI - 19.8% short ratio, looking for a breakout


Keep a close eye on Basic materials as well (XLB)

A couple of lower priced possible movers

HOV
GSI
SEED
HEAT

I am leaning bullish this week again and will use proper stops. Keep in mind that the market can humble even the most seasoned veteran so please use proper money management.

XHB continued to see bullish call buying so watch the Home builders closely.

With oil prices moving up and being in Hurricane season, keep an eye on the oil names along with the Solar space.

Lastly watch Real Estate. If we do continue to push higher the Tide will tend to lift all boats so just make sure you are on the right side of the markets

Trade Well,
Pete

Review of the Major Indexes

Here is a link to a video review of the major market indexes.

http://www.screencast.com/t/MWEwNDQ3

Sector Review

here is a link to a video on Sector review for the week of July 19th.

http://www.screencast.com/t/YmUxZWM2ZWI

A look at a couple Favorites

Here is a link to stocks I monitor everyday, There might be some good setups forming here for intra-day and longer. Stocks mentioned in video AKAM, CRM, DECK, LULU, NFLX, VMW.

http://www.screencast.com/t/YmUxZWM2ZWI

Stocks I'm Stalking for Monday

Here is a link to a video of some stocks I will be stalking for Monday July 19

http://www.screencast.com/t/OTc5M2U1OTE

SPX Analyzed

This Graph out lines the video content covered on the SPX video link below.


SPX Chart courtesy of Think or Swim

Here is a link to a video on the SPX.

http://www.screencast.com/t/M2UxZWEwOWE

Stocks to Eye

I have mentioned this list to a couple of you several times. So forgive me if you already have this list. I had a couple people ask me about go to stocks in case we saw a bounce and I will go ahead and list a few here for you.

CRM, NFLX, DECK, AKAM, VMW, SNDK, RVBD, NTAP,

These are a couple of names that have shown relatively descent strength even in the face of market weakness.

Hope this list helps. There are many others but these are the ones I currently give great attention to. Good rule of thumb in my opinion is to just think of the Bellwethers in each sector and follow those.

Trade well,
PeteV

Review of the Major Indexes

Here is a link to a video covering my thoughts on today's market action.

Indexes covered in this video

SPY, IWM, QQQQ, DIA

http://www.screencast.com/t/MWI1NDc5Z

Trade well,
PeteV

Stocks with Unusual option Activity

Here is a link with some stocks that had unusual option activity today. I also listed a couple that I am stalking for possible further weakness.

Stocks mentioned in this video,

LCC, LUV, MOS, ILMN, GHDX, MSG, AKS, STLD, CMA, NVS, KBH, CSX, FCN, CPB, DAN, CTRP
ADS, BKE, CAAS, MYL, PFCB, VECO, GPI, ITW

http://www.screencast.com/t/MzY0Y2ExY2

Trade well,
PeteV

Major Indexes

Hey guys, I am back from my break, took about a month off. Thank you for your patience, the Blog will be updated 3 to 4 times a week and I continue to work on another platform which will allow me to have the video content embedded.

For now Here is a link to my thoughts on the major indexes.

http://www.screencast.com/t/YmI1ZGNjMDYt

Sector Review

Here is a link to a sector review.

http://www.screencast.com/t/YWI1OTM2ZG