Sunday, September 25, 2011

Market in the next week

SPY will rebound from here in large probability.

First level to watch is 115.57 and then 116.87. Most likely the rebounce will stop at 116.87 level and then will have a small dive from this point. For now, it is wise to close all short position.

With these projected rebounce, three stocks are good for a swing trade: Coach (COH), Delta (DAL), and Micron (MU).

A swing opportunity

In this bear market, looks like a few stocks have at least a short bullish run. Coach is one of them. Buy and hold for a few days may have a good gain.