Monday, January 19, 2009

The Next Wave Down and More Financials

A few more names to chew on, Bono and Bruce better sprinkle pixie dust tonight at the inauguration party because I don't see anything that saves this beast. Watch my levels. For more sophisticated traders, anticipatory trades (given a down trending day) ahead of my levels can be made. Good luck.



5 comments:

Kevin Y. Kim said...

wondering what you think buying in the premarket? never been a big fan personally, as it seems even a small player can move things quickly. but given the obvious weakness, a small position can't be too much of a risk.

Danny said...

great setups Joe, thanks.

also, CVX under 68.50 might lead those guys lower

eqix - under 52.5, even better below ~50...cap intensive servers? no thanks

Danny said...

oh, and a break of COF at 23.80

upsidetrader said...

kevin
ore mkt is a good way to get your face raked

RBM said...

GS looks like it doesn't have the volume pressing it down that the others have

About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.