Evening Thread

Immune to Greek Debt Concerns

This could be just what the doctor ordered.  Extended? Yes.  Tough to buy?  Yes.  Do I own it?
Grrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr

Wednesday Noon Thread

SMG - former devil stock loses its power. Not a great shorting candidate despite the ugly chart. Options are thin. Short interest is high. Fidelity has none to lend. And it pays a dividend. Just say NO to SMG from both the long side and the dark side.

Morning Thread

Gator's Chart of the Day: USO

Crude oil traded in a range from 95-103 during the November to mid-February timeframe.  Since then it has established a new range up to 110 with 105 as the support level.  It's back there now.

USO is a tradeable instrument and it shows the same ranging characteristics (duh) with a current support level of 40 and resistance at 42.  It's at the bottom of the range and could be a good buy with a stop just a little under 40.