Semiconductors had a down day yesterday, in an UP market, quite a sign of relative weakness, the SMH was down 2%, KLIC, at the top, is working on a nice triangle and a big bollinger squeeze, which is signaling a huge move is coming. ISIL has had a nice down move, then a "knee kick" move higher, and, MAY, be setting up for an Equal Move lower to the $13 "area" if it can break under $14.
PCLN is working on a very nice triangle, it has a big bollinger squeeze working on it, and it could be setting up for a HUGE move, with earnings on August 4. It is actually showing relative weakness as it's set up a couple of lower highs VS the "markets" constant grind higher, I get the feeling people may think the "Open Table" buy out is a mistake. TRADE IDEAS FOR WEDNESDAY, JULY 23, 2014 LONG JEC
TRADE IDEAS FOR MONDAY, JULY 21, 2014 LONG MCK
ENTRY: OVER $191.50 STOP: USE YOUR OWN DETAILED TRADING PLAN TARGET: AN "EQUAL MOVE" GIVES YOU $207 SHORT AGCO
ENTRY: UNDER LAST WEEK'S LOW STOP: USE YOUR OWN DETAILED TRADING PLAN TARGET: "EQUAL MOVE" TO $50
STOCK TRADING IS EXTREMELY DANGEROUS TO YOUR FINANCIAL HEALTH AND IF YOU TAKE ANY OF THESE TRADE IDEAS, OR EVEN WORSE HAVE NO TRADING PLAN OR NO STOPS IN PLACE, YOU WILL UNDOUBTEDLY LOSE ALL YOUR MONEY. I MAY ALSO HAVE A POSITION IN THE SECURITIES MENTIONED AND I MAY BE PUMPING THEM HOPING TO FIND A SUCKER TO TAKE IT OFF MY HANDS AT HIGHER (OR LOWER) PRICES.
Steve Hochberg on the state of retail money market funds vs. stock market capitalization, filmed at the 2014 Las Vegas Money Show.Read more.
What deep thinkers we men are... I mowed the lawn today, and after doing so I sat down and had a cold beer. The day was really quite beautiful, and the drink facilitated some deep thinking. I thought about an age old question: Is giving birth more painful than getting kicked in the nuts? Women always maintain that giving birth is way more painful than a guy getting kicked in the nuts. Well, after another beer, and some heavy deductive thinking, I arrived at the answer to that question. Getting kicked in the nuts is clearly more painful than having a baby; and here is the reason for my conclusion. A year or so after giving birth, a woman will often say, "It might be nice to have another child." On the other hand, you never hear a guy say, "You know, I think I would like another kick in the nuts." I rest my case.
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