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Long CVS at $36.50

Recs

2

May 03, 2011 – Comments (0) | RELATED TICKERS: CVS , SSO , AAPL

Here's another trade that I just made in CVS Caremark (CVS) on top of the Apple (AAPL) trade that I made this morning at $348.73. CVS is positioning itself for a great breakout, assuming the the market cooperates in the coming days. If so, the stock could make a push for $38-39 without much resistance. I also just jumped in the Ultralong S&P ETF (SSO) at $55.40 off of oversold market conditions (intraday) that looks ripe for a bounce. I will likely hold this overnight as well.

Here's my CVS chart.     

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