Closing Time

Is it me or have we picked the only few "Hot Stocks" out in the market!!! From the comments section, and from the accounts perspective it appears we have a lot of movers working for us right now. Kings to you ____(insert your name here)____.

Fed announcement tomorrow, so tread lightly. That could be a reaction that stirs the breakout, or pulls the chair out from this consolidation. You have all seen my watchlist, let me see yours!

If we left anything out, feel free to add them here.

Its been a long day, I am turning in. Sorry for the anti-climatic finish today, but please stay tuned...

OptionAddict Upcoming topics include...

Index Options & Mini Index Trading

Exiting Spreads before expiration

When to add to existing positions

When should I break my trading rules?

Psychological round number pricing

I'm watching POT as a potential ascending triangle with a 14-15 point target. It's close to failing, but I'm not giving up hope yet.

I'm also watching UPS as a potential support bounce.

I should have mentioned that I'm also looking at gold, particularly AUY and USGL for potential bounces. AUY seems to be the strongest of them with little to no overhead supply and near a 52 week high. USGL was added to the AMEX and may have broken out. Probably stock trades though as opposed to options.

Randy,

I attended the 3 day advanced options about three months ago and have not fully digested all the information in that 3 day event. A lot of the information I need to put in practice.

Looks like SMG is going to pop big time this morning. I was getting worried with the weak breakout on Friday (though it was on huge volume). Anyone else in it?

brett,

caught the news on SMG early ,and entered the trade. Jeff mentioned this one a couple weeks ago. He really does have psychic powers.

I was wondering where do you see an exit on CTRP...break of $56?

Sarah

Brett,
I did PTR. Great pick. What a wonderful life it's doing a great job of off-setting my other losses. Oh well. I'm in.
aapl - bounce
aem - bounce
amag - bull flag
de - bull flag

Brian K

TIE: Support bounce at 29.

AAPL: Breakout retrace bounce at 87. Jan 90 call

VLO: Retrace bounce at 54.5, Jan 57.50 call

USG: Channeling breakout at 52.50, Jan 60 Call

LAMR: Breakout at 59, Jan 60 call

NSTC - Bull flag breakout
ACTL - Bull flag
FD - Symm triangle breakdown
TKR - Symm triangle
GE - Symm triangle
ANDE - on trendline support - watch for bounce

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About me

  • I'm Option Addict
  • From Saratoga Springs, Utah, United States
  • I am a professional trader and an instructor for Investools. I've had relations with the markets for 9 years. Born in Concord, CA, but reside in Saratoga Springs, Utah. Father of THREE, Husband of one.
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