Wednesday, January 11, 2012

Watchlist for Wednesday

Options to watch

SPY ( S&P SPDR) 129.11
This is a ETF with heavy volume as of late has seen less volume in comparison to its every day trading, the stock reached its high of Oct 2011 129.42 and traded as high as 129.65 could not close over 129.42 , we could see a slight pull back looking for PUTS here could be a nice risk reward until next buy signal


BBY (Best Buy) 24.70 we mentioned this electronic retailer at 122-123 range for a reversal and yesterday the stock hit 24.96 high we could see our strike it soon on expected earnings week , opportunity to add Jan 21 strike 25 at .12 now trading over .40 we are holding

AAPL (Apple Co.) 423.24 hit a high of 427 and has since retraced having trouble breaking 426 range we could see this get back to 410 PUTS here for a scalp trade or swing trade could be a good idea

DIS (Disney) 39.63 this stock has hit 40 high and has weakened we could see a pull back here as it was downgraded yesterday

OTC stocks to watch


SUGO (Sungro Minerals) .0006 gold stock that has recently had filings could see a nice move in this range

AFPW (AlumniFi Power Group) .0012 this stock could be a nice add in .001 range could see a nice bounce on accumulation here

No comments:

Post a Comment