OUTLOOK FOR THE DAY Well we did indeed move up and pull back, but it did not happen like I thought. Yesterday we moved up, and then by noon we were at the 50 day MA. We bounced and moved up to eventually finish in the green during the last hour of the day. I made a mistake during that time. I chose to get into a Put play at about the same time the SP500 was hitting the 50 day MA. I knew there was a great chance we would bounce, but I failed to check and see if my stock was in the S&P500 group. It was. So I was carried along with that momentum back up and failed to make any money. Let my mistake nbe a lesson for you. I am still in the play, but have lost of that investment for now. We will see if it does not come back. Today, I expect a push up to the resistance line. What happens when we get there, I honestly have no idea... ADDITIONALLY - I am adding a new section to the website, and it is a work in progress. So if you see some additions, but they look incomplete, they are... Stay tuned. ________________________ ECONOMIC EVENTS: Mon. ISM Services Index, Total Vehicle Sales Tues. Trade Balances Wed. Nonfarm Payroll, Consumer Credit Thurs. Initial Jobless Claims _________________________ TOP EARNERS FOR THE WEEK: Monday Before the Open: Occidental Petroleum (OXY), Pfizer (PFE), Sysco Corp (SYY) After the Close: American International Group (AIG) Tuesday After the Close: Activision Blizzard (ATVI), Electronic Arts (EA), First Solar (FSLR), Groupon (GRPN), Walt Disney (DIS), Whole Foods (WFM) Wednesday Before the Open: Chesapeake Energy (CHK), Devon Energy (DVN), Molson Coors Brewing (TAP) After the Close: Keurig Green Mountain (GMCR), Solar City Corp (SCTY), Tesla Motors (TSLA), Zillow (Z) Thursday Before the Open: DISH Network (DISH), Priceline (PCLN), Regeneron Pharmaceuticals (REGN) After the Close: NVIDIA Corp (NVDA), Silver Wheaton (SLW)
Posted on: Thu, 08 May 2014 12:47:34 +0000