PCLN: I like your thinking, but will wait until earnings on 5/9 before establishing a position.

AAPL: nLOD. eom

SBUX: not a name I'd typically short, but will be watching the next few days to see if the 50dma holds.

FSLR: stop reminding me. I left a lot on the table this morning.

AAPL: I see your 60, and raise you a 5 and a 1. Looks to be channel bound for the moment.

APPL: watching the 5 minute. Looking at 571.7 as resistance. if it gets repelled I may go short again.

FSLR: tell me about it. I sold my puts flat this morning. bad habit for me lately.

AAPL: if it bounces over 572, then I'm looking for it to stay pinned there. Will be watching. I played weeklies for about 5 minutes this morning and rode it from 574 to 572. Should have held puts longer.

AAPL: which one? $571 has been taken care of. Are you thinking the $560 gap?

$FSLR Upgraded to Buy at DNB Markets

Seriously???? WTH.

AAPL: If we open sub $580, then I'm looking for $572. I think a break of that gets you $560. My 2cents is it runs up from there.

OT: Once again I wish iHub had a like button. Great post and thanks for sharing.

SODA: Found this amusing. I haven't thought about this name in a while. GMCR should have triggered a memory, but didn't.

?@bclund Looks like the blender and toaster were right about the new guy. $SODA

F: Anyone watching? With GM's beat, I'm wondering if this one will start to shake off the downtrend. It's retraced to the 61.8 fib, but still looks to have a small gap below that could potentially get filled. No position.

AAPL: still giving back some gains. Bought a few $585 weekly puts. Will sell before close.

edit: closed position on that quick pullback.

SHLD: yepper. should have trusted the price action instead of my disdain for the company. Could have killed it today. Hopefully someone made some money on it.

SHLD on fire. Kicking myself for not pulling the trigger on some calls yesterday.

QCOR: joined you, albeit at a higher price. Had it on my list to watch if it broke 46, but wasn't paying attention.

HLF halted

Lucky for you KO made the announcement just before market close . Could have been much worse

Good thing you did!

$KO Monster Beverage drop; KO says not in discussions to acquire the Monster Beverage Corporation $MNST

$KO In Talks To Buy $MNST; Coca-Cola Could Sell Bottling Assets To Pay For Potential Deal -WSJ

MNST just spiked over 10%

QCOR & CF: seeing a lot of chatter on both of these. Looking for a break of $46 on QCOR. Also tempted to go long SHLD.

WPRT: looking for bottoms.

http://deraldmuniz.com/2012/04/22/looking-for-bottoms

Ico: Here's a few I'll be watching, in no particular order. Travel week for me, so won't have much time.

edit: Adding CMI as well. Already short this name.





SWKS: May not touch this one until AAPL reports. Looking for a 50% retrace.







CRUS: Looks particularly ugly to me.



Tried shorting CRM earlier this spring. Ouch. Will be watching to see if it finally follows AAPL, PCLN, & CMG lower.

High Beat Rate + Low Expectations = So What?

What do you make of it when virtually every well-known company "beats earnings estimates" but the market continues on it's current quest to form a rounding top?

I don't quite know; I came into earnings season expecting not-so-great earnings thanks to high gas prices and global softness. But this was supposed to have been offset by the fact that expectations for this quarter's earnings were already extremely low.

Apparently, they just weren't low enough to spark the usual fireworks, this is one of the lamest quarters I can remember in awhile reaction-wise even despite the fact that the beat rate is (as expected) so high.

My boys at Bespoke quantify it (with almost half of the S&P 500 names having reported:



The beat rate means little in the absence of hot guidance, which we've certainly not gotten in the aggregate.

http://www.thereformedbroker.com/2012/04/22/high-beat-rate-low-expectations-so-what/?utm_source=dlvr.it&utm_medium=twitter

RL: On watch list.

ZNGA/MWM: Wish I'd been paying attention when you posted this. Dang. Wouldn't be surprised to see $8 in this name soon. Link back for chart.

PNRA: totally missed the breakdown in this name. Will keep an eye on it.

CMG: I'll be watching the weekly. That's one heck of a ride it's been on. I won't touch it yet, but if we see some more confirmation, I may nibble some short.

CMG: just took a quick peek at it, and it does look ugly.



BAC isn't looking too hot either.

Will do if I see anything interesting. Was a busy week for me, so I haven't done much. I did close my SHLD and FFIV shorts last week as well. SHLD was a decent trade, but I went too far out of the money with my puts. Good lesson learned. Thank goodness I closed the FFIV one. Would have given it all back had I held.

FAST: nope, I closed them out last week. I tried to not get too greedy. It was a nice trade nontheless.

APPL: I'm thinking it's "too far too fast" as well. PCLN showing the same behavior today.

FOSL: Strong name that's showing signs of potential weakness. Just watching for now.

FAST: Reports Q1 (Mar) earnings of $0.34 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.34; revenues rose 20.0% year/year to $768.9 mln vs the $768.56 mln consensus.

FFIV: Ugly looking chart. Went short on the 9th. Gambled a bit before the DT line was broken.

I wouldn't be surprised to see a bounce, but we're only down ~4.5% on the SPY, NAS, and DOW. I'd personally like to see it correct a little more before heading north. I think it would be healthy. JMO.

FAST: falling fast. grabbed a few May $50 puts yesterday morning.

Looks like Italian bond yields are on the rise again. I personally don't put as much stock in the macro factors as I did the end of last year. Just watching price action.

http://www.bloomberg.com/quote/GBTPGR10:IND