Monday, May 6, 2013


Good Morning Traders,

Sell in May and Go Away May not be the case this year but we'll have to see i guess won't we..
Watching Closely the overall markets to coincide with our trades.

What We Have On Watch This Week

$APP - American Apparel 1.97

Message board alert back in december at 1.00 and we alerted it again here 3/25/13 for a dip to 1.81 and a sweet continuation to 2.40. Retracing since then to the daily 50 ma and seems to be finding support here. MACD also showing a bullish cross and MFI pegged at 79. Looking at the weekly and monthly charts, we have some serious upside potential here as long as the company can show decent numbers.

$GNW - Genworth Financial 10.47

What we have been waiting for. Breakout chart and holding the weekly 200ma support. Blue sky breakout! looking at 10 and 100 may and june calls. May calls are decaying but might make good day trades.

$CRUS - Cirrus Logic 19.89

181.2% Gain on the 18 calls last week. Opening monday at 17.99 and hitting a high of 19.57. Finding support on the daily 20ma and we love the chart set up. Holding weekly 200ma support.
Long as she holds the weekly 200ma at 17.33 we like it.
We are looking at the 20 calls.

$BYD - Boyd Gaming 12.91

Watch for little pullbacks but BYD goes higher. Still stick by our target of the monthly 200ma. Looking at the 13 calls.

$F - Ford Motor corp. 13.83

F chart below closed up .46 yesterday, alerted the reversal in the premarket look for a dbl top small resistance pull back here and then continue higher imo.

$APPL - Apple Computer 449.98

AAPL we have witnessed a $60 Move off the 385 swing low weekly chart below shows the 20 ma line and will give us a 3 point trend line touch at 458 area. So we are Looking to short at this area, but the bigger picture chart has the 38.2 fibonacci at 464 area.

$LNKD - Linkedin Corp. 175.49

LNKD Chart shows we have pulled back into a major support/trader pivot channel here but may sink a little lower, We have taken a little long position Friday in case we have found a bottom.

KEEPING $VHC, $BBX, $BIIB, $RDN, $COOL and OWW On Strong Watch.


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