Hey gonna do a pretty big watchlist for this week. Please critique my watchlist and discuss it on the fourms here. Its always greats for everyone to share your ideas. It will only make you and me a better trader. Thanks! Sorry im using thinkorswim platoform my etrade is doubling up on the daily.
XLK-Technology SPDR (ETF) It broke out of its down channel. The tech sector will be extremely hot this week. I believe we will test 28.50-30.00 in the next couple weeks.
AAPL- If we get good volume this week we will test $600. The 200 simple moving average is at $600 and this will act as resistance level for AAPL. If we break the $600 level we could test $620.
GOOG- We got serious resistance at $670 level if we dont break it we will test $640.
BAC- oh oh! We got that big $10 resistance coming up. Were gonna see a lot of sellers up at these levels. The stock has green days in a row... pretty big move up for a stock like BAC. I wouldn't be holding any calls or have a position at this level. I would wait for a clear break above the $10 level. I highly doubt we will break it this time..
WDC- We have a triangle and its breaking out to the upside, which is bullish. If we get above the $36 level, we will test $37.50 and we will have a clear breakout and could test the $40 level by the end of the year. December 36 calls are going for .82c. This also has weekly options... i would highly suggest keeping an eye on this stock.
CBS- Got another triangle which has a sweet breakout. December 35 calls are going for 1.30. I see this testing the $37- $38 by the middle of December. Keep an eye on this one you might get a good entry point on those calls.
Thanks hope you guys like it!