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
5

Definition of Overbought – Las Vegas Sands

Charts and Coffee on May 5th, 2009 at 6:40 pm Central Time

What is the definition of overbought? How about Las Vegas Sands (LVS).

BYD and MGM are similar. RSI on LVS is at 86. 
I almost called this post unanswered prayers after the Garth Brooks song but I didn’t want to associate trading with such a powerful song. So with that disclaimer out of the way, I think [...]

More on this topic (What's this?)
Will the Las Vegas Comeback Continue? (Contrarian Profits, 5/29/09)
Doubling down on Casinos (Investment U, 4/14/09)
LVS appears to have Topped out. (Erik's market view, 5/9/09)
Wynn Resorts (WYNN) Las Vegas Sands (LVS) Amend Credit Terms (Fund my Mutual Fund, 4/22/09)
Read more on Las Vegas Sands at Wikinvest

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May
5

Charts and Coffee on May 5th, 2009 at 9:54 am Central Time

PEGA is worth putting back on the watchlist. I’m hoping this plays out as a flag pattern and consolidates a bit allowing an entry point in the next couple of weeks. Today’s low can be used as the stop out. RSI is now above 70 which makes the chances pretty good there will be a [...]

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May
4

Have To Respect It … But …

Charts and Coffee on May 4th, 2009 at 6:34 pm Central Time

Definitely a clean break of support on SH and a break of resistance on $SPX. This has to be respected. We are also below the intraday low set back in October. SH could easily trade down to $57.50. I do think the potential for a fakeout here is pretty high. I hate writing posts where [...]

More on this topic (What's this?)
EVENING READING (THE PRAGMATIC CAPITALIST, 2/18/10)
WEEKEND READING (THE PRAGMATIC CAPITALIST, 1/9/10)
Minority SH and the Cross They Bear... (WONKESS, 8/31/08)
Summary of SEC Emergency Order on Short-Selling Disclosure (Hedge Fund Blogs From HedgeCo.Net, 9/19/08)
Read more on ProShares Short S&P 500 ETF at Wikinvest

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