Sunday, February 6, 2011

Setups for the Week Ahead - Super Bowl Edition

Here they are....I don't know whether the market will move higher from here but I think it is a good possibility.   There is no reason to short anything - cash and carefully selected longs are the best choice here.  Go Steelers!

All Charts from Telechart, Courtesy of Worden Brothers, Inc.


Mike said...

As always thanks for the post and watchlist, I was wondering if you ever trade options in place of stock particularily in a stock such as PCLN that is fairly liquid and very expensive for example buy in the money calls in place of the stock?

bmbull said...

Ya gotta hand it to the Steelers, they were very classy in handling the loss.

Mike Tomlin is a stand-up guy. I've always thought pretty highly of him, at least from what I've seen.