Careful day trading tomorrow, there is going to be a long holiday, and investors may close positions. Traders may take advantage of any slight weakness to drop the market.
Economic data: Retail sales (most likely very positive)
Trading action: Pump in the morning trade, dump in the afternoon trade.
FAST MONEY pumped Alcoa Inc AA, saying it is a buy.
Careful of buying Alcoa at this level.
Support: $13.50, $13.3, $13.1
Resistance; $13.9, $14.4, $14.8
Day trade: Buy Alcoa Inc AA $13.50 – Sell at $13.9
Bank of America Corp: Reiterate Strong Buy.
Support: $14.6, $14.4
Resistance: $14.8, $15, $15.3
Day trade: Buy Bank Of America Corp BAC $14.6 – Sell at $15
Casino stocks: Watch for bullishness
Las Vegas Sands LVS $16.9 - $17.5
WYNN Resorts WYNN $65 - $66
Bullish sectors: Financials, Materials
Comments on other sectors.
Looking for other sectors ideas, please post your sectors in the comments.
Disclaimer: All ideas are solely my opinions, consult your financial advisor for more info.
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