Saturday, May 30, 2009

Stocks To Watch For The Week Of 06-01-09

06-01
ALTR

06-02
BOBE, DAKT, HOV, UNFI & PAY

06-03
UHAL, CMTL, JOYG (DE, CAT), MATK, SAI, SNDA & TOL

06-04
BRLI, CIEN, GES, COO, TK, MTN & WIND

06-05
None

Yet, another slow week for option traders (based on earnings). I personally do not see any strong stocks this week for us to apply some of the high volatility strategies. CMTL, JOYG, SNDA and maybe MATK will be cash cows after earnings. CMTL might be a potential strangle candidate; however, I will not underline it...

1. Stocks in RED - those of you that know the color coding already know that all stocks in RED are expected to swing nicely and provide MONSTER CALL / PUT OPTION PLAY opportunities - these are to be traded after earnings based on all technical signals (e.g. volume, MACD, Bollinger Bands, CCI, RSI, current trend, etc.).

2. Stocks in RED / BOLD and UNDERLINED - these are very good potential strangle / straddle candidates.

3. Stock in YELLOW - these stocks will move based on the action on the preceding stock reports - we know that industrials for the most part all move together so if JOYG reports great earnings and moves up / down, it may move the entire industrial sector with it (including DE & CAT).

Enjoy trading!

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