Long over $9.50
Welcome, The Smarter Investor is here for sharing ideas and technical analysis. Main focus on equities but also bonds, options, and FOREX.
Tuesday, November 20, 2012
Monday, November 19, 2012
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.
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.
Gold and Silver
Will gold and silver continue their bullish run?
Over $34 in SLV long set up.
Over $174 long setup. Could get aggressive on long entry over $168.
Over $34 in SLV long set up.
Over $174 long setup. Could get aggressive on long entry over $168.
Sunday, November 18, 2012
Thursday, November 15, 2012
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.
Tuesday, September 11, 2012
Long Term CAT
I give this a FV of 120-130 from my FCF projections. Picked up some more here to double my position.
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