TLT Poised For A Bounce
TLT - Bonds got a big spike today when the Fed’s announcement of no taper. TLT is forming a descending triangle that appears that it will break the pattern to the upside this week. Today it tested the resistance at 105 but couldnt quiet power through. I beleive that changes tomorrow. Above 105 tomorrow I think it opens the door for a swing trade up to 110 within the next 1-2 weeks. Im looking at Oct calls
AMZN - On watch for new 52w highs tomorrow, today it came within .90c of hitting but just ran out of juice. tomorrow I think it sees a rip in the AM to 315 before pulling back for rest of week.
GMCR - This stock has been trading a in tight range for the last week or so and today started to open up its daily range and is only 3$ off its 52w highs and with 26% short interest this could see a big moving coming soon. On radar for 90 magnet for friday.
COST - In a bull flag on daily chart and right under 52w highs at 120.20 . Im looking here for Oct 120 calls and riding them til we get new 52w highs. I think this bull flag will breakout in the next day or 2.
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