Citigroup Inc C

Short setup under 34.90.  Target 31

Amazon AMZN

Amazon's 237 resistance was broken last Friday.  Today AMZN post a doji, signaling indecision.  Look to the prior resistance are to turn support around 234-237.  Target 250 for next resistance, 

Another good short entry point S&P 500

Looks like the past support is turning into resistance around the 141.00 level of the SPY SPDR. Price is being rejected by the 50 EMA as well at 141.  Short, target 135.

Flagstar Bancorp Inc. FBC

Flagstar has been on a tear since it's reverse split.  They finally turned a profit 2nd quarter of 2012, and reported profit again in 3Q.  Looking exhausted on weekly, could fall back to EMA's around 12.50, opening up a good entry point.  Over 20 continued upside.  Very bullish

Over 17 continued upside on daily.

Aegion Corp AEGN

Aegion has had a great run since October 2011.  Recently price respected the weekly trend line around 17.90. 

Looking at over 20 for a further upside push. Target 22.

Ford Motor Company F

Ford found nice support on the retest of the $10.60 breakout late October.  Long and strong

Good entry position over 11.15 on hourly.

Long term Head and Shoulders breakout and retest of neckline on weekly. Target $13

Financial SPDR XLF

Really in conflict over XLF.  Broken 15.75 support seemed to turn into resistance last week.  20 EMA still over 50 EMA for a bullish bias.  I'd like to seem over $16 for longs and under $15.50 for a short gap fill.  Negative divergence on weekly. 

 

First Solar, Inc. FSLR

FSLR holding strong today, closing up 3% at $25.53. Seems poised for a breakout over $26.  Target $30.  Could buy stock straight up or purchase $27 December calls, currently trading for $.73.

Arch Coal Inc. ACI

Looking to re-short ACI on a break of 6.30. Target of 5.75.  Also bearish on the S&P 500 as the 1400 support area turns resistance. 

Stock Twits

Happy Turkey Day all! Just set up a stock twits account this past week.  Great site, you can follow me at @Armst227.  Seems to enable me to show my positions more real time.  Everyone should check it out. 


StockTwits @Armst227

Cemex CX Long Opportunity

Long over $9.50

Bank of America BAC

Long over $10.00 for long term. 

Weekly look; over $10 confirms downtrend breakout, and breakout of recent channel formed since September.

Vishay Intertechnology Inc, VSH

Bottom calling in Vishay Intertechnology shares around $9.00.  Over 9.35 for aggressive long.

Home Depot HD

HD has been on a bullish tear the past year, breaking out over 37.5 in December 2011.  Looking for break of 63.50 for continuation.  Might take an aggressive short under 59-60. 

CVR Energy Inc. CVI

Breakout over 41. Will enter tomorrow on confirmation.

First Solar, Inc. FSLR

Long setup over $26.80.

North American Energy Partners NOA

Long setup over $3.40

ACI Arch Coal Inc. Short

Almost went long ACI before the election but didn't want to risk it, good thing. False breakout above 8.50. Went short after Obama win, and gap down.  In at 7.61 short.  More pain to come, targets 6.25, 5.75, and 5.25.  Expecting oversold bounce here in the future, presenting another short potential.  Recent channel break. 

Long Term CAT

I give this a FV of 120-130 from my FCF projections.  Picked up some more here to double my position. 

SPY Options Straddle

I've been dabbling in options for a month or so now, most being paper trades.  Here is one i am thinking about currently. 

Strategy 1;
 Buy 1 April 12 138 Call for $1.25 and Buy 1 April 12th 138 Put for $.71. Max loss $196. Upper BE $140, Lower BE $136.


Strategy 2;
Buy 1 May 12th 138 Call for $3.30 and Buy 1 May 12 138 Put for $2.71.  Max loss $601.  Upside breakeven is $144 and downside breakeven $132