Monday, April 29, 2013

Market update

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VST - Sell
ST - Hold (Buy since April 18th, 2012)
IT - Bull  (Buy since Nov 27th, 2012)
LT - Bull (Buy since Nov. 2011)

We should see ST signal to sell in the next few sessions. Just FYI, that triangle breakout at the beginning of this year should take us to a target of 1620 $SPX.

Friday, April 26, 2013

Amazon, Inc.

Closed AMZN short from more than a month back for 7.5%. Will short again at higher prices from here, if the stock rallies.

Good luck!

Polycom, Inc

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Stock trading between 9 - 12$ range in the last ~ 1 year. PLCM is on my watchlist. No positions right now, bias is to the downside but will be ready to trade either way depending on breakdown and breakout.

Good luck!

Thursday, April 25, 2013

Apple Inc

I entered long at 399$ yesterday. I will remain long, with 2% stops to my position. My 1st target is the 50 DMA. We will reassess later if any notable TA change takes place.

Health Management Associates

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Recommendation: Sell short in the short term timeframe

Thursday, April 18, 2013

Verizon communications Inc.

The 47.5 - 48$ level should hold the support. VZ should bounce from there. You buy above that level and short sell below 48$. I would also look for a confirmation from CMF to dip below 0.

Recommendation: Hold, if you already have a position.

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