Focus List 7/15 - Options Expire, GOOG earnings pulling up Internet names

Geoff Bysshe | July 15, 2011

See the market watch charts below. As per yesterday's comments, all 4 broke and closed below the range. An options expiration Friday in the summer is not a day I'd expect the market to be able to have a big up day with such resistance.

GOOG is gapping up on earnings but right in to a big round # of 60o and lots of resistance. I would not look for much upside it today, but other internet names may be interesting on the long side. That's why SINA, BIDU, and SOHU are on the list below.

C is also up on earning but right into resistance. I didn't put it on the short list but worth watching to see if it can hold up.

SWN gapping up into new highs on good earnings - on the long list as a result.

~Long Focus~
NTES
CF
WYNN
PVH
JAZZ
SWN
~Other Long Charts of Interest~
AMZN
TGT
VMW
YUM
AAPL
LULU
POT
IBM
ACOM
FCX
CTRP
SINA
BIDU
SOHU
LVS

~Short Focus~
DE
WHR
MHS
AAP
APKT
~Other Short Charts Of Interest~
SNDK
VECO
MOS
AGU
SMG
GS
MET

 

 

 

 

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