Picks
for November 9, 2009
|
STOCK
|
RESISTANCE
|
STOP
|
TARGET
|
|
CSCO
|
$24.07
|
$23.97
|
$26.00
|
|
INTC
|
$19.11
|
$19.02
|
$21.00
|
|
SPLS
|
$22.33
|
$22.22
|
$24.00
|
|
SWKS
|
$12.12
|
$12.02
|
$14.00
|
CSCO RESISTANCE LEVEL - $24.07
CSCO pulled back on
Friday, but still looks good for a possible upside move. We are watching the stock again on Monday and
are buyers once it breaks Thursday’s gap high of $24.07. If CSCO can break through this high, we
should see a trending move higher. CSCO
can be a good trading stock, so watch it closely on Monday.
INTC RESISTANCE LEVEL - $19.11
INTC has stalled
out at $19.11 the past two trading days.
This high is resistance for Monday’s upside move. We are buyers of INTC once it breaks through
this level and expect to see volume push the stock higher. Keep INTC on your trading screen for Monday’s
trading day.
SPLS RESISTANCE LEVEL - $22.33
We are watching SPLS on Monday,
waiting for a possible upside move. The
stock has stalled at $22.33 the past two trading days, which is resistance for
Monday’s breakout move. If SPLS can
break through this high, we should see an increase in volume as traders buy the
stock. Keep a close eye on SPLS for
Monday.
SWKS RESISTANCE LEVEL - $12.12
SWKS was one of the
big winners on Friday, closing up $1.04 on the day. The stock traded heavy volume as it hit a
high of $12.12. This high is resistance
for Monday’s continuation move. We are
buyers of SWKS for this move and expect to see a fast upside move. You want to watch SWKS closely because the
stock will move quickly as it nears resistance.
STOCKS
FROM NOVEMBER 6, 2009
|
Stock
|
Buy ($)
|
Sell ($)
|
P/L ($)
|
% Gain
|
|
CSCO
|
NT
|
|
|
|
|
JNPR
|
NT
|
|
|
|
|
NVDA
|
$13.27
|
$13.27
|
-
|
-
|
|
YHOO
|
NT
|
|
|
|
|
|
|
|
|
|
|
Today
|
|
|
$0
|
-
|
|
Month-to-Date P/L November 2009
|
|
|
$90
|
1.08%
|
|
|
|
|
|
|
|
Year-to-Date P/L
|
|
|
$8,360
|
56.88%
|
*Percentages are based on Percent
Gained/Lost per Trade accumulatively
CSCO – No trade. Stock did not break resistance.
JNPR – No trade. Stock did not break resistance.
NVDA
– NVDA broke resistance early in the morning, hitting a high of $13.26. We bought the stock when it made new highs around
10:50am EST. The stock move up to
$13.28, back down to $13.21 then back up to $13.30. We sold for a flat trade when it did not want
to break through highs and the market started to pull back. If you continued to watch the stock there was
another move through highs that was a little better than this move.
YHOO
– No trade. Stock broke resistance within
the first 15 minutes of the morning, hitting highs of the day at this time.
