Friday Trades

Friday

IN
INTC – Added.
FMX – FEB-11 60

OUT
S: +.05
MU: +.09

Scalp
SDS: -.07

Portfolio

Friday’s Strategy

Will look for an entry in DB around the 50 ema and will probably hold for about a week.

There will likely be a continuation move up in FRX so I will look for an entry in the morning and hold until next week.

OC entry would be a continuation move trade similar to FRX.  This is a second entry candidate since it has broken out of it’s previous channel pattern.

PRGO had a strong move up today and the stochastics are just now starting to turn up.  I will keep a close eye on it in the morning but I am not extremely eager to chase this one down.

FMX is at a good price level but it doesn’t look like a good entry can be made this week.

INTC showed weakness today but the price level is holding strong to the 200 ema.  Should get out of JANs and add FEBs if Intel doesn’t breakdown below the 200 ema.

Watching: LVS, NRG, CME