Tuesday, January 31, 2012

Evening Thread


Retailer AMZN reported AH and the market did not react favorably.
The good news (we'll take what we can get) is that the AH action has not violated the long term trend in the weekly chart. Perhaps the conference call will be more positive than the knee jerk reaction of traders.

Afternoon Thread



All traders have different styles and theories, but there is one thing that we all have in common: the need for proper trading tools and equipment is paramount. While we all covet the multiscreen setup of the pros...
the trader keyboard is essential!
Order yours today at AMZN

Morning Thread

NTAP daily chart


I'm revisiting NTAP today.  I still have a starter position in March40 calls and while they were up a bit yesterday they are not performing .... yet. 

Looking at Monday's action the stock opened near it's low of the day which it found in the first 3 minutes of trading.  It bounced from the 50 day simple moving average and traded higher for the remainder of the session.

If the news from Europe is not bad I'll be looking to add to my calls if the stock opens above the 50 day and then prints a green candle.