MOS-so today this bypassed the 50MA making under all three MAs (20/50/200). With that big red candle I’m thinking more downs. As I mentioned in my post from Sunday night, this strangle position will be green (again) on the downside closer to 65.20s. At the end of the month it will need to be <64.10s. The upside really isn’t an option anymore since it’ll need to be in the 80s and I don’t see that happening in the next two weeks. Fingers crossed for some bad economic news. Chart looks like there maybe some support around that first marker (65.20s)…looks like it held about 3 times in the recent past.
LVS-a little different story there. Needs to keep going up in the next two weeks—53 by the end of the month would be ideal…or it needs to drop like a rock, the downside scenario however is pretty farfetched at this point. Hopefully more good news from the casinos.
S&P-a doji today-not sure what to make of it other than folks waiting on Greece and/or the Fed. Also, regarding the chart, the high of today is about the same as the high from Friday, wasn’t able to get past it, probably an area to watch for future resistance if the S&P moves up from here.
Follow the rules: Cut losses quickly; Don't overtrade; Take profits/sell into strength; Don't chase, watch for the pullback; Have a plan and stick to it
View my other posts/give me some advice at http://part-timepennystocktrader.blogspot.com/. Follow me on twitter @BNGESG.
LVS-a little different story there. Needs to keep going up in the next two weeks—53 by the end of the month would be ideal…or it needs to drop like a rock, the downside scenario however is pretty farfetched at this point. Hopefully more good news from the casinos.
S&P-a doji today-not sure what to make of it other than folks waiting on Greece and/or the Fed. Also, regarding the chart, the high of today is about the same as the high from Friday, wasn’t able to get past it, probably an area to watch for future resistance if the S&P moves up from here.
Follow the rules: Cut losses quickly; Don't overtrade; Take profits/sell into strength; Don't chase, watch for the pullback; Have a plan and stick to it
View my other posts/give me some advice at http://part-timepennystocktrader.blogspot.com/. Follow me on twitter @BNGESG.
