Watchlist for 11/14/13
AAPL - I entered a call spread today using the 520/530 strikes expiring next week. Looking for this triangle formation its in to breakout soon. Watch this one above 522-523 I think that will get AAPL into motion. Until then expecting range bound action. Im long overnight.
WFC BAC MET JPM C GS - All of these look really good. I tweeted (@camar024) this morning that I was going to buy the dip by buying the banks but I only managed to get entries on C and GS …..BAC today was the strongest, breaking out of a multi-month consolidation pattern and closed the day at the highs. I like all these setups for breaks above prior high tomorrow. I am currently long C via Dec. 50x calls. I did a video few days ago on why I thought we would see a rotation into the banks, you can watch that video here.
MSFT - In bull flag pattern on the daily candles and today saw a big gap down with the market but found a way to rip all day long and close at the highs giving it a huge engulfing bar. Looks great for new 52w highs tomorrow. Looking at taking 38x calls for next week with 40s being my target
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