Hi everybody, I made the video already just trying to get it uploaded. So in the mean time I decided to just go ahead and type up the plays I'm looking at going into next week. Now my opinion on the markets next week is we see an up day Monday morning rally into resistance, then a sell off into close. If that doesn't happen I say we see a rally beginning of the week then a sell off into close. If that doesn't happen...... GET THE POINT LOL. We don't know really we are just in no mans land. So with that being said, you just have to watch the charts because there are some good plays out there. The chart I posted below regarding the VIX has me thinking we see a V at the end of that inverse H&S, then a break to the downside. So in other words a good day Monday and possibly Tuesday and then a sell off for the rest of the week, but this is just a thought.So lets get into the trades!!!
PLEASE MAKE SURE YOU SEE WHAT DIRECTION THE MARKET DECIDES TO TREND BEFORE PICKING ONE OF THE PLAYS AND AS ALWAYS DO YOUR OWN DD.
HANS- Long March calls 40x @.30 ( watch for break above natural resistance at $36..Square number)
EWT- Long calls March 7x @ .40
TSM- Long calls March 7.5x @ .70
MOS- Long puts March 35x @ 1.40
ORLY- Long puts March 30x @ .65 ( The Aprils had alot of volume Friday )
JOSB- Long puts April 15x @ 1.80
SMH- Long puts March 17x @1.22
SSG- Long calls March 95x @ 4.10
UCO- Long calls March 7.5x @ 1.10
GS- Long puts March 70x @ 4.50 ( Played these on Friday, watch out for Mark to Market news)
AMZN- Long puts March 60x @ 2.52 or April 50x puts @ 1.90 ( These had huge volume Friday )
WFR- Long puts March 15x @ 1.80 ( Semis looking real weak, don't let the media fool you)
OCR- Long March 25x calls @ .65 ( For small bounce, stock still in downtrend)
AGT- Penny stock spec play if gold rallies next week.
EBS- Long March 20x calls @ 1.20. (Stock at support area on most time frames )
SWHC- This play was posted before, but there is still some call buying and more room to run on the stock. Continue playing the March 2.50x calls that I recommended @.75 before the stock broke.
Thats all the plays folks. The NASDAQ looks like the weakest index to me and the banks will break down if this weeks meeting doesn't go like the street is planned. This week can be a real bloody sell off week, or a nice rocket up weak. All depends, but if that VIX scenario plays out then we are doomed this week. Have a good week and good trading!!!
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