Some ideas from the VTF

I wanted to post a few ideas I heard this week in the VTF. Why?  Because I am procrastinating on doing some writing and stuff around the house.

One caveat to any of these charts is the debt debate in Washington.  The clowns in the sideshow should offer some nice volatility and break apart any technical analysis.

 

Other stocks to watch: GMCR SBUX

Kuerig machines will sell like crazy with SBUX coffee, but will it cut into SBUX store sales?

Casinos:  MPEL MGM LVS WYNN

They are strong, and thats all you can say. MPEL's move has been incredible since $7, now trading over $15. I thought riding it up and selling near $10 and $11 was awesome.

 

ABMD

Easy wedge formation.

 

AKAM

This whole sector getting stomped.  Well established downtrend, watch for a breakdown or a potential double bottom.

 

JNPR

Similar situation to AKAM.

 

BEBE

This one was mentioned several times and hsa flagged nicely. Stop below $7, potential to $9-10.

 

BORN

Downtrend consolidation, with a nice bounce so far.  Trendline critical.

 

DAN

Long consolidation and range. Good to set alerts above and below.

 

IO

Break out potentially and some fib targets.

 

LRN

Wedge / possible cup forming.

 

MAKO

Watch for a test of support and continuation.

 

MCP

Nice breakout after a test of suport.  Rare earths see to be getting some action again.


 

REE

Support again. Easy stop on weakness.

 

OSUR

Some consolidation, maybe a flag.  Could consolidate/test trendline.

 

PWER

Solars have been and probably will be garbage with oil below $100. Watch for a short opportunity or a bounce.

 

RAX

Could is repeat previous support bounces?  Has been sideways for a while.

 

ROYL

Nice bounce. Missed it thus far. Can we get to $5 again.

 

SHOR

The wedge.

 

XIDE

Double bottom offers a good stop on a long. Or entry on a short.

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