Picks
for November 10, 2009
|
STOCK
|
RESISTANCE
|
STOP
|
TARGET
|
|
CSCO
|
$24.07
|
$23.97
|
$26.00
|
|
EBAY
|
$23.50
|
$23.41
|
$26.00
|
|
GLBL
|
$ 6.64
|
$ 6.53
|
$ 8.00
|
|
SBUX
|
$21.29
|
$21.18
|
$24.00
|
CSCO RESISTANCE LEVEL - $24.07
CSCO consolidated
on Monday, but should make a move soon.
The stock is setting up for a breakout move and we want to be ready once
this occurs. Resistance stays at $24.07,
which reflects the gap high from last Thursday.
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 Tuesday.
EBAY RESISTANCE LEVEL - $23.50
EBAY has stalled at
$23.50 the past two trading days. The stock
looks ready to make a move and this could happen on Tuesday. We are buyers of EBAY once it breaks through this
high and expect to see traders push the stock higher. You want to watch EBAY closely because it can
be a fast moving stock.
GLBL RESISTANCE LEVEL - $6.64
GLBL traded slightly higher on
Monday, one day after touching its 200 day moving average. The stock looks to have found support and
should make a move soon. Resistance for
this move is $6.64, which was Friday’s high and will be a two-bar reversal on
its daily chart. If GLBL does break
resistance there is a good chance for a high volume upside move. Keep GLBL on your radar for Tuesday.
SBUX RESISTANCE LEVEL - $21.29
SBUX consolidated
on Monday, one day after gapping to new highs.
We are watching SBUX closely on Tuesday and are buyers once it breaks
through Friday’s gap high of $21.29.
There is a possibility the stock will consolidate again on Tuesday, but
we will watch it closely for this upside move.
STOCKS
FROM NOVEMBER 9, 2009
|
Stock
|
Buy ($)
|
Sell ($)
|
P/L ($)
|
% Gain
|
|
CSCO
|
NT
|
|
|
|
|
INTC
|
NT
|
|
|
|
|
SPLS
|
NT
|
|
|
|
|
SWKS
|
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.
INTC – No trade. Stock opened above resistance, pulled back
for a few minutes, and then made new highs.
The big move occurred within the first 15 minutes of the morning.
SPLS
– No trade. Stock broke resistance at the
open, pulled back and then made new highs about 10 minutes later.
SWKS
– No trade. Stock gapped above
resistance, pulled back and then made new highs before the first 20 minutes of
the morning.
