Picks
for October 1, 2009
|
STOCK
|
RESISTANCE
|
STOP
|
TARGET
|
|
CHKP
|
$28.47
|
$28.37
|
$31.00
|
|
NVDA
|
$15.21
|
$15.11
|
$18.00
|
|
SBUX
|
$20.77
|
$20.66
|
$25.00
|
|
YHOO
|
$17.94
|
$17.84
|
$20.00
|
CHKP RESISTANCE LEVEL - $28.47
CHKP made a move on
Wednesday, but it was during the lunch hour, which is when we do not trade. The stock hit a high of $28.47 on Wednesday,
which is resistance for Thursday’s follow through move. We expect to see another move in CHKP as the
stock closed strong on the day. Keep a
close eye on CHKP for Thursday’s trading day.
NVDA RESISTANCE LEVEL - $15.21
NVDA traded higher on
Wednesday and could make another move on Thursday. The stock is trading near the top of a
three-day channel. The high of this
range is $15.21, which is resistance for this upside move. You want to watch NVDA closely for this
upside move.
SBUX RESISTANCE LEVEL - $20.77
SBUX is setting up for a
breakout move, which could occur on Thursday.
We are watching SBUX on Thursday and are buyers once it breaks through
the three-day range high of $20.77. If
SBUX can break through this level, we should see a strong follow through
move. SBUX can be a good trading stock,
so watch it closely on Thursday.
YHOO RESISTANCE LEVEL - $17.94
YHOO broke out to new highs
on Wednesday. The stock hit a high of
$17.94, which is resistance for Thursday’s continuation move. We are buyers of YHOO once it breaks through
these highs and expect to see a fast upside move. You want to watch YHOO closely because the
stock will move very quickly once traders jump on board.
STOCKS FROM SEPTEMBER 30, 2009
|
Stock
|
Buy ($)
|
Sell ($)
|
P/L ($)
|
% Gain
|
|
ADSK
|
NT
|
|
|
|
|
CBAK
|
NT
|
|
|
|
|
CHKP
|
NT
|
|
|
|
|
JASO
|
NT
|
|
|
|
|
|
|
|
|
|
|
Today
|
|
|
$0
|
-
|
|
Month-to-Date
P/L September 2009
|
|
|
$740
|
7.65%
|
|
|
|
|
|
|
|
Year-to-Date
P/L
|
|
|
$7,350
|
47.73%
|
*Percentages are based on Percent Gained/Lost
per Trade accumulatively
ADSK – No trade. Stock did not break resistance.
CBAK
– No trade. Stock broke
resistance and made new highs 3 times within the first 30 minutes of the
morning. If you continued to watch the
stock later in the day, there was a quick pop above $5.00
CHKP
– No trade. Stock broke resistance late
in the lunch hour.
JASO
– No trade. Stock did not break
resistance.
