Thursday, October 21, 2010

Trading radar for Oct 21

Good morning.

NFLX - the juggernaut, continues on a tear.  So, far earnings this week have been well received.  The selloff on Tuesday appears to be an aberration as it was almost fully recovered yesterday.  This puts us back in up trend mode.

Futures are higher this morning but appear to be selling off a little bit, so we'll see what happens.

The following stocks are on my radar today:

Long:
ISLN
EBAY
ALXN
JBLU (or any of the airlines)

Short:
CRUS
PLCE
FITB
CY

CL recovery yesterday puts us back  in the range of 80-84 that we've been stuck in since early October. A break of this range either way will provide for a powerful move IMO.

I am looking for short opportunities in CL, 6E and GC today.

Good luck and good trading!

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