Jim's cycle trades

NBR....working on a bull flag

got a Merrill upgrade today....watch 34.20 for breakout

[IIC]

Jim...ELN may be good for a holdover but I will sell...I sold 1/2 for +.18 in the 15.50's...will sell the rest before the close...thx for the idea though...Doug(IIC)

BMHC....35% short interest

There's going to run this right up a flag pole....

[IIC]

now is the time....

OK...in mid 15.30's

ELN...long

now is the time....

SHLD....bear flag

IMO, this is going to drop to $118 near term.....

Brazil ready for crash mode

EWZ looks like a great short

OEX 600 puts

long at 5.40.....target is 593

PDLI....rounding bottom

no b/o yet, but worth watching....


My seasonality model projects that the OEX will fall to 593 this week....I have been day trading OEX puts with success last two days.


CAMH looks to have a little triple top formed over the last few weeks...I think there's a chance CAMH will move down to $2 and it better hold $1.95....No buys recommended without a close north of $2.60....

SJM....cup and handle b/o on weekly

with a name like smuckers, it has to be good.

AMD,,,,nice relative strength

my biggest position


also, took WFR long on morning weakness.

TXI...MACD divergence

worth watching......no position.

PENN short closed

the OEX can't breakout and I suspect it won't....but, PENN doesn't want to go down so I am not forcing the issue.

PENN....short

I think domestic only gaming takes a hit near term.

CAMH gets good news

guideline by AHS says MTWA test could be used as a risk stratifier identifying sudden cardiac death patients.