Delayed Alerts For April 29th

Wednesday, April 29, 2009

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1:30 pm.
FOMC rate decision will be released at 2:15pm et today. The markets are pushing the highs of the day with big resistance right at 875. So after the decision, things should move a bit, the positions taken the last two days are holding up nice.

Profits could be taken here in front of earning in AP, OXY still looks great here and I am continuing to hold both.

KFT
feel the bottom is in this and this will be a nice swing trade to a target of 25.50-26.00

RACK
expect big things and INSP

INTC
also expect a push back up over the 200 ema

The 200 ema is coming into play on a lot of stocks now. I will watch these levels to trade off of.

Earnings plays tonight

V and AKAM I am holding V and expect to hold it into earnings, AKAM i am not holding, but expect a pop, and would buy on any pullback on earnings

MT
gapped down with earnings and still in not adding
Drugs not really moving here yet, but will see that sector rotation coming down the road
more to come..

BA
looking good for follow through tomorrow
Taking my SDS off here on the break of 875

2:09
Adding to SLV here , the channel trade set up is perfect, We had the pullback to the 50% fib of the last move up off the bottom trend line, This is expected before a push up and out of the channel. Looking at a 14.00 target on SLV 1-2

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