Bullish stocks near support

[steelman]

Thanks River, that is great. Phil Town always talks about the VIX as well. It looks like it's about $19.08 right now, down 10% so far. So that sounds like a good thing for longs. I am going to have a look at that site.

[riverbabe]

Getting smacked the yesterday and today. Does anyone think we were do for a correction or is this all on the middle east? Thanks for your input.

Steel, this is from a paid subscriber site: www.stocktiming.com
I have deleted portions to avoid copyright infringement. This site is worth every penny it costs and more. Many here are familiar with Marty Chenard. He advises institutions and is the best technical expert I know.

Update for Friday, February 25th. ...

1. Special Chart 2, Short Term VIX: This new chart shows the short term view of the VIX during the past 5 days. Note the support at 20 on the chart. If the VIX can close below 20 today, then it has a chance to drop into the 17's which would be market positive. However, if it closes above 21, then the risk for Monday morning could be very high.

2. Cautionary Note: The current VIX spike is "event" related due to the Libyan revolt. There is talk of a possible Libyan massacre today with would be a real negative should that occur because it could end up meaning U.S. intervention. The other possible negative event that needs to be watched is the Saudi "Day of Rage" that some are trying to initiate for March 11th. If this happens or develops the appearance that it will happen, then the markets are likely to react very badly.

3. Institutional Investors were in low Distribution yesterday. Institutional Selling had another Up tick which is becoming a Danger condition that needs Institutional selling to stop rising or the market will go lower.

4. Alert ... please read: ...The SPY is now in a Caution Condition and will move to a Danger condition if its 30 Day RSI goes below 55, or the C-RSI goes below 5 at the close today.]

5. So, bottom line, risk levels are much higher and in a Dangerous condition. We need the market to hold today, the VIX to close below 20, and for the NYSE DVOL to not spike up or we could move from Danger to a Sell condition.

6. ...If we lose the last indicator that is holding out today, the Fractal model will initiate a sell. ........

[steelman]

Getting smacked the yesterday and today. Does anyone think we were do for a correction or is this all on the middle east? Thanks for your input.

[steelman]

Alright, I have to run. Have to be at a coaches clinic in 30 mins. Just a quick update.

Yesterday I got back into CCME. After my profit on the last trade of 133% or so, it looked like a good time to get back in. I bought The March $17.50 calls.

Today I bought CVH March $31 calls. That's it for now. I hope everyone has an incredible weekend!!!!

[steelman]

Trying to catch up with everything at work after being gone for a week.

I sold half of my TQNT March $14 call options on Monday at $1.25 from a purchase of .60 on Jan 28th. I am on the house money now. This thing is going higher. I will ride with the other half of my investment and if it pulls back will put these recent profits back in.

Also, my Feb $14 call has come back during this run. I have a limit order in to sell at $1.05, last trade was .99. My purchase price was .67 on 1/6/11. I hope this fills soon. That's all I have done recently except for adding $$$MM's$$$ EBIX $25 March calls.

[steelman]

Hi everyone, I hope all of you are doing great and making tons of money. I brought my family on vacation to CA, Santa Barbara and just finished 2 days at Disneyland and California Adventure. I have been out of the loop for about a week. I was able to sell my calls in AXTI the other day, Monday actually. I had bought $10 Feb calls. 133% gain in 5 weeks.

I took some of that profit and bought TQNT $14 March calls and I bought $$$Mr. Market's$$$ new pick EBIX, $25 March calls. I still have a few more days of sunshine before heading home to the cold and I heard we had a foot of snow on the ground yesterday.

[steelman]

So do I. Am in at 13.01, waiting for 16.45 target.

That's great River. As long as the earnings report is as expected we should all be really happy.

[riverbabe]

I really like TQNT and so does $$$Mr.Market$$$.

I went ahead and grabbed some $14 March calls in TQNT. I am looking forward to February 9th for 2010 earnings!!

So do I. Am in at 13.01, waiting for 16.45 target.

[steelman]

I really like TQNT and so does $$$Mr.Market$$$.

I went ahead and grabbed some $14 March calls in TQNT. I am looking forward to February 9th for 2010 earnings!!

[steelman]

CCME is up right now to 22.64, 13.50% on ridiculous volume and it's only 11:48 est. Anyway, I sold my March $17.50 calls today. I had to take profit. I had set a limit this morning and it just hit. Bought at $2.25 and sold for $5.50. 6 week play, 132% profit after commissions.

Looks like it is still going to run. Chart and indicators all point up but I am happy with the trade.

[steelman]

I picked up some March $5 calls for URZ about a week or so ago. I can't remember if I posted it here or not.

It's up 7% today to $5.41. Looks like it can still run in the bull market.

[steelman]

Did a quick search and here is what popped up right now.

MMS ASYS TQNT NLC BBL
In the search the usual guys came up as well NFLX FFIV PCLN Just trying to see if we can find some bargains.

[steelman]

A few minutes ago I sold my Jan $12 calls in TQNT. I still like TQNT and it's still trending up, but Jan options expire next week so It was good to take profit now. Any news or down turn in the market, making the stock drop a bit would crush the option price.

Bottom line, bought 11/29 for .74 and sold today 1/12 for 2.00. That's a 170% gain in roughly 6 weeks.

I am not sure if I posted earlier but I bought some $14 Feb calls in TQNT last week. Current price is $13.93, trading above 30 day MA, stochastics is above 75 and MACD but pointing down. This could pull back a little and then bounce off of 30 day support and go higher. Let's keep the MOMO rollin'

[steelman]

This morning I picked up some Feb $40 calls in PSMT. Their stock is up 4% on earnings report news that PSMT's revenue rose to $386.1 million versus $315.4 million. Stochastics just turned up and it's above 50 and MACDH looks like it's getting ready to cross into positive territory which is nice entry point.

[steelman]

Today I picked up some TQNT Feb $14 calls. I am still hold my Jan $12 calls in TQNT.