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Bulls Buy, Swing It High

Recs

2

January 30, 2012 – Comments (0) | RELATED TICKERS: SPLS , HRS , WLP

I've yet to violate one of my New Year's Resolutions of not breaking a keyboard in 2012, but if the bears lose this battle again today, that may very well happen.

But all kidding aside, the dip buying is unbelievable, not unique though, as we've seen this plenty of times in the past, where once it gets to be systematic, predictable, and extreme like it has over the past 10 or so trading sessions, then all of sudden, the rug is pulled out from underneath the bulls, and chaos follows. 

LONG: Harris Corp (HRS)

SHORT: Wellpoint Health Networks (WLP)

LONG: Staples (SPLS)

LONG: Warren Resources (WRES)

Here are the Chart Setups.  

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