Diamond offshore drilling is breaking out. A bull put credit spread might be a good idea to play. Note from briefing earlier: 08:35 DO Diamond Offshore: Credit Suisse Commentary (100.08 ) Credit Suisse research spent two days with Diamond Offshore’s (DO) management on a non-deal roadshow. Key takeaways: (1) Relative to…
Dow is at a critical 78.6 fib support as 13,300 is a critical point for support and yesterday Dow did close at 13295. If it falls below this level on stronger volumes, the next major support is 13000. That’s an area we need to watchout. Retail sales data is due…
Just like locking profit, I also never regret working out before starting the day. It’s tough to push yourseld after a comforting weekend, it’s always good to go to gym. Freshens up the mind and body. Let’s begin a new trading week. After may expiration and pinning of SHLD, GOOG,…
For OP readers who like to use technical analysis, check out Google’s chart today. It is about to find support. You may draw your conclusions, my guess is that it is going to be pinned somewhere between 450 or 460 before it either rises or falls below the support level….