Monday, February 13, 2012

Possible Set Up Opportunity for this week


HOG (Harley-Davidson Inc) 46.47 This stock has been trading near 52 week high of 47 .19 , we could see another move and possible short or PUT opportunity to the 20 or 50 day moving average

QQQ (Power Shares QQQ Trust) 63.06 this stock saw a high of 63.13 , overall ETF of tech stocks with the market expecting a pull back we could have a PUT opportunity to 20 day moving average 61, just like SPY this one looks overbought a monthly PUT option could fair well here

NKE (Nike Co) 105.22 this stock looking very strong saw a high 106.66 we could see a slight retracement here as well with the market looking for a correction this one can have a pull back

SPY (SPDR S&P 500) 125.36 resistance at 125.60 if it passes we will see a test of 127.20 2011 high but looks like in need of correction so watch for a possible pull back here

SDS (SDS Proshares Trust Ultra) 16.55 this one works inversely to the SPY , buying some calls for an expected drop in the S&P could be a great risk reward , we could see monthly call options go up in volume


OTC recap

SNDY .0016 mention hit .0087 high we expect a rally from .01-.02 this one has potential over 700% opportunity on this  one so far

COHO .0007 mention hit a high of .0015 we expect a even bigger move to .005 range

MBST .001 this stock could rally soon near lows and with recent 8k filed along with pending news could rally soon

MEDT .0009 this one looks like it wants to bounce look for entry , could be starting a reversal

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