Technical Analysis on Stocks With Potential

Monday, January 3, 2011

Good Volume to Kick off 2011

Great day. Sorry about sound my mic wasn't put down. :) You may have to turn up the volume a little.

Video:


Recap:
1)Good news propelled BAC higher today.After several weeks I decided to sell two of the three BAC calls I have been holding. Sold BAC Jan 12.5 Call at 1.51 for a gain of 1.13 or 297% gain. (paper)
2)After wanting to pick up X calls for about the last week I finally stepped forward. Went in the Jan 67.5 strike (correction from video. I said 62.5 in the vid-long day what can I say) at .49. This thing nearly doubled so I moved my stop up and was taken out at .62 for a .13 gain or 26.5%

Stocks:
PMI: Breaking out of formation.

NEI: Coming out of a consolidation.
SRZ: Breaking out.

GBE: Perking up.
ERII: Pushing higher.

GKK: Very big volume today.
AAU: Mineral stock.


Happy holidays As always wait for your entry parameters, be patient, and consider both sides of a trade before jumping in.

Disclosure:I have a position in BAC, otherwise no positions in any stocks mentioned here at the time of writing.

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