Friday, February 3, 2012

Friday Evening Thread



Re-cycling a good find. Traders celebrated today by pushing the Dow Jones Industrials to the highest close since 2008. The Q's have been there for a while, while the SP500 and transports still lag. Social Media is the buzz - but don't lose sight of other good performers.


And above all, rest up and enjoy the weekend.

Afternoon Thread

SREV daily chart
SREV weekly chart
This one has not been trading for a year yet.  The weekly shows it to be a steady climber and the daily confirms it.  Just buy tags of the middle Bollinger band (20 day sma) and sell part (1/2 or 2/3) at the upper band.  Rinse and repeat.  No position.

Morning Thread



Get ready. All social media, all the time. GRPN posts earnings for the first time since going public on Wed Feb 8 after the close. LNKD posts earnings Thurs Feb 9 ... I'm already worn out. ... ZNGA posts earnings Feb 14 ...