CAMARO’s Watchlist for 12/5/13
TLT - Another big down day today but held above 52w lows, I think we could see a rotation into bonds as the overall market begins to rollover. With stocks showing some signs of weakness I think we could see money move into bonds. I am looking at getting into Dec monthly 103x calls and I will use 52w lows as a stop loss area. Seems like a good risk to reward setup. My swing target will be back to 105.50ish.
GS - Holding up really well during this market weakness, I think I will re-enter a swing long position tomorrow on GS. Although I do believe we see SPY continue to drift lower or chop sideways I do think that we can still see some upside on a few names, GS being one of them. Im looking to get into Dec monthly 170x calls for a move to 175+ before expiration.
WYNN - Nice bull flag on the weekly chart, and today with LVS seeing a huge move into new 52w highs I think we could see some sympathy with other casino stocks. Watch for a break above todays high, I think we could see WYNN push to new 52w highs by next week. Really love this setup.
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