Jun
2

Some Long Ideas: MV, SGP, DLTR, HMSY, LANC

Charts and Coffee on June 2nd, 2009 at 7:01 pm Central Time

I’m keeping it simple tonight. Five long ideas. Some old, some new.

MV (Metavante Technologies, Inc.) – is a good looking long. Breakout is an all time high. Volume is also picking up. Looking to enter at $26.25. Stop at $24.85.

SGP (Schering-Plough Corp.) – Entry at $24.25. Stop at $23.20.

DLTR (Dollar Tree Inc.) – [...]

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May
31

Sunday Night Coffee – Objectively Bullish

Charts and Coffee on May 31st, 2009 at 7:35 am Central Time

THE BIG PICTURE
I’ve looked at 200-300 charts this morning and the charts generally look bullish to me. I’ve been following QQQQ to give me market direction, and we set a new intraday high over the May high and the intraday action also breached into the October gap (although it has yet to fill it). There [...]

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ARO, C, CY, DBB, DLTR, FCX, KOL, REV, SEA, SMH, Sunday Night Coffee, UNG, UUP, XLE, qqqq Comments
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