IIG - also mentioned before as an inverted H&S is giving yet a third entry signal right now. One could have gotten in on the break of the neckline, the retest a week later, or this flag is looking good right now.
TTI - also mentioned before is moving in the right direction but buyers have not stepped in yet. Maybe earnings will speed things up
XAU - still falling as it should. My Puts just keep increasing in value.
BVN - My number one pick for next week is setting up real nice. The Power of the Flag, will it show its strength again? Getting ready to bounce off old resistance and the 20 dma.
CAL - My PUTs were stopped out for a gain as the stock bounced back up to re test that 40 mark, but I got back on that dog and shorted at 39.90. I closed the position for a fat two day gain as the airline industry got hammered.
My HERO, is shaping up to look like a nice pattern. I can not wait for earnings this next week. Hopefully it does not give back the anticipated gains. The stock is still not inside the bollinger bands and had no respect for the 200 dma, blew right threw it.
ICE - this will be a test. I have never had any luck with straddles/strangles. The stock seems very constricted via the Bollinger bands. It has a history of being volatile all the time and earnings are around the corner. I strangled it at 135/125 two days ago. I need a 10 point move one way or the other to make me happy.
Finally, HP is an earnings play from a great fundamental trader, Tom Malone, who has helped me understand so much when it comes to earnings. Becoming a member of his team will give you a whole different perspective of the market.
I continue to let the Bear in me reek havoc on my mind as I bought PUTs on OEX and DIA and the Q's. I will mention again, trying to pick the top is the most humbling experience and patience is so rewarding for a new trader.
Bull flag set ups are MER, NBR, BVN
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