Pages

Thursday, February 18

Market Dip Buy to Invest opportunity

The stock market will be on sale tomorrow, and many stocks can be bought at a good discount.

Alcoa Inc AA is still showing a strong bullish chart. However, due to unforseen surprises by the Fed clowns, the market is going to take a beating tomorrow. Alcoa Inc should be supported at $13.25 - $13.30 and if there is buying in the general market tomorrow after a sell off, then Alcoa should close around $13.50.

The Option Pain of $15 did not work. I guess that theory can be dumped into the bin for now. I will look for another Option Pain stock next month to test it again.

Financials would most likely be sold off as the discount window affects them the most.

Watch gaming stock, look for an entry point for MGM Mirage, Las Vegas Sands since these 2 casinos have already reported their earnings.

MGM Mirage earnings shows positive growth of the company. It is now a stable company. Buy MGM if it goes below $10.

No comments:

Post a Comment