Global News: Same as last week, the situation in Iraq continues to worsen and an escalation into a civil war is not out of sight . This is a market mover and should be watched closely. Renewed tension in Ukraine is causing some unrest in that region with major EU powers urging the Ukraine government to extend the ceasefire. Any escalation with either side could lead to more violence and unrest. The market will react to this if it happens. No major news from the Syrian war. Nor is there any reports on major hostility from North Korea lately.
Economic News: Last Friday we had the reshuffling of the Russell Index which resulted in millions of shares moving around and a significant spike in volume going into the weekend. Many stocks benefited from the reshuffle, as short term trades looked to profit of it.
Economic Calendar: On the Economic Calendar for the week are Pending Home Sales & Auto Sales to watch for.
Earnings Calendar: A quick look at the Earnings Calendar for the week shows not many major companies reporting.
Markets: Markets continue their breakout, with major indices staying close to all time high. This indicates a strong bullish sentiment, so unless we get major negative news, we should continue higher.
Bullish Trades:
1. AAPL
Mentioned last week as a potential mover, This made a bottom around the 20MA and reversed nicely closing Friday up 1.2%. This continues to be a great trade and I'll look to renter early this week.
The overall picture hasn't changed. Apple has seen bullish investor sentiment since announcing a big share buyback and the 1:7 stock split. This coupled with strong earnings announcement, has moved Apple close to all time high. Long term holder
Positon: None currently
 |
| $AAPL Daily Chart |
Mentioned last week as well, I like Twitter a lot at this point. The stock has been in an uptrend for 2 weeks now. Higher highs everyday and went right through the cap. I'll look for a good entry but I expect to get a good run. Entry and stop upon entry will likely be closer to upper gap line @ $38,00
Position: July 11 $40.50 calls @ $1.50
 |
| $TWTR Daily Chart |
Entered a trade here on LinkedIn for a potential breakout. Currently consolidating between $165 and $170. I'm currently betting on the long side, based on general information on the company. I expect to see a move either way this week.
Position: July 03 $170 calls @ $1.40
 |
| $LNKD Daily Chart |
Triple D's also known as 3D Systems has an interesting chart. Sentiment has been GREAT on this stock and its reflected. Stock is up generously the last few weeks and I expect it to continue this week.
Position: July 03 $50.50 calls @ $1.10
 |
| $DDD Daily Chart |
No position on this one but looking to enter as the chart seems interesting. Currently in an upwards channel and looks like it consolidated on previous resistance now support.
Position: Looking to enter this week
 |
| $VHC Daily Chart |
Related:
Watch List June 23, 2014 - $SPY $NFLX $AAPL $BBY $TWTR
No comments :
Post a Comment