May 16-
After further sell-off led by mostly by leaders in the commodity-related markets, there are near-term long trading oppertunities. A recovery bounce is only appriate here with deep cyclicals: Especially OSX. There are oppertunites from recent sell offs- but would recommend covering shorts early especially around 10:30.
Would lighten up on tech shorts here, especially names hitting closer/below the 50 and 200 day MVA. (From the short list: RIMM, JNPR, JBL, AMD). Would keep on the watchlist for recovery.May 16-
After further sell-off led by mostly by leaders in the commodity-related markets, there are near-term long trading oppertunities. A recovery bounce is only appriate here with deep cyclicals: Especially OSX. There are oppertunites from recent sell offs- but would recommend covering shorts early especially around 10:30.
Would lighten up on tech shorts here, especially names hitting closer/below the 50 and 200 day MVA. (From the short list: RIMM, JNPR, JBL, AMD). Would keep on the watchlist to revisit the shorts.
Tuesday, May 16, 2006
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