"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

January 12, 2014

Reviewing last week's market wrap

Reviewing last week's Market Wrap:

The UNG short term H&S top completed and shed weight quickly.

Two key trade ideas mentioned last week:  EEM and KO. 

EEM probed through the whole support zone and didn't offer a trade until Friday.  I'm moving on from this one with the 200D just above.

KO bounced Tuesday and cratered until the 200D SMA test Thursday.  This bounce has legs imo and it's best to play long near dated calls.

Things worth watching still in progress: 

LGIH - recent housing IPO could explode when the group is ready fot the next leg up. Exhibiting relative strength.

QUNR - just a monster shakeout?  Holding a higher low thus far

Aussie Dollar - still forming a monster double bottom??

Others: GTX, DBA, DBB


Last Week's performance via Finviz.com


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Reminder:

All ideas shown on this blog represent the authors opinion based on the data available.