Wednesday, July 27, 2011

Note to Self on Buying Strong Stocks $TPX , $QCOR

For the hundred millionth time man, buy strong stocks on pullbacks...not when they are making new highs. That way your stop-loss can be much smaller AND you will be in the stock as it makes new highs. I made money in $QCOR and lost in $TPX. Could have made so much more just by following that simple plan. Concentrate man!!! Bad Boy!

$AMZN 220.20 Held Beautifully. Can it Move Above 223.40?


$MCHP 33.50 Now support? Above 34 Likely?

I had previously mentioned 33.50 as possible fading level for MCHP...but it now looks more like support than resistance.
 http://jpotrading.blogspot.com/2011/07/mchp-fading-moves-to-3350-area.html 

$UPS 69.90 Held Three Times Today.

$YHOO 13.50/57 Held.

Breaking This Triangle to the Upside? $AMZN

A benign market this afternoon should allow for a re-test of 227 level.

$FFIV Test of Low Nineties Likely?

$VMW 102.80 Must Hold

Levels $CMG