Tuesday, August 5, 2008

Trades for Wednesday....

SETUPS I LIKE FOR WEDNESDAY:
if the sector rotation continues... could get more short sqeeze action going on in retail/consumer discretionary and possibly refiners...

$$$ POSSIBLE BREAK OUT TRADE ON BIG$$$
short squeeze too.. short interest is at a whopping 46% of float and BIG also on its third attempt to break out of the allusive 34 level. (3rd times the charm?)
BIG stop 34, tgt 36


WNR stop 7, tgt 8 si = 31% float sold short

BKE stop 50, tgt 52, 53 si = 26.8 % float sold short

JCG stop 30, tgt 32,33 si = 26.5% float sold short

WM stop 5 tgt 6 si = 26% float sold short

LVS 41. stop, 48 stop, tgt 50 si = 20% float sold short

$$$honorable mention for SUN...$$$
alot of technicians in this chart. broke 50 ma to upside and retested successfully today.. might get nice follow through if refiners get a bounce.
SUN stop 42.50 tgt 45 si = 16% float sold short

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