CAMARO’s Watchlist for 2/25/14
GS - Big move today and it closed pretty well relative to how the market closed. GS did close above its 100ma and the 8ma successfully crossed above the 21ma. This is just small steps in what I think will be a big move back to 180s in the coming 2-3 weeks but in the short term I like GS for a 170 magnet and I think tomorrow a down open will be bought for a r/g move otherwise a break above todays high would be good entry spot. I dont have a position ( didn’t like how market closed so I didn’t enter anything new at close) but am planning on trading it out of the gates tomorrow.
AAPL - I took a long position on friday anticipating a bounce/snapback trade on AAPL this week and today we got a good start. We formed an intraday double bottom at 522 and then went on to close near the highs of the day. I think will be good for more of a bounce tomorrow with 537ish being my target. I am still long AAPL overnight.
EBAY - Finally broke out of this range that Ive been talking about for the last week or so and looks great for more upside the rest of the week. Would look at the 52w highs at 58.04 as being the next resistance spot to set as a target but I think ultimately we will break that level. I believe EBAY is setup for a big move this year, watch my video analysis I did on the www.thestockgarage.com/ebay-going-to-100/ . I am long EBAY stock.
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