Use access key #2 to skip to page content.

SharePlanner (< 20)

Long TCK, Short EMR



July 25, 2011 – Comments (0) | RELATED TICKERS: TECK , EMR

Market is approaching a strong resistance on the S&P. while I still stay bullish on the market, a bounce off this resistance is not out of the question. Stay at least 50% cash and quick profits are still the way to go. Here are a couple of set ups for next week.


TCK (Long) Look for a break out above 53.90 and we probably can see some momentum run toward the $57  level for our first target


Trade/Chart Setup for TCK


EMR (Short) Market is getting a bit overbought so it doesn't hurt to put on a short position as a hedge for our longs. EMR bounced off a heavy descending resistance and made a small pullback to test the 200MA and also bounced there. Looking a a continuation of this strong down trend as it breaks $54.58.


Trade/Chart Setup for EMR.


0 Comments – Post Your Own

Featured Broker Partners