Welcome to December! Looks like we will start the morning in the green as futures are up. China had some more decent numbers overnight and the concerns of China's economy coming to a crashing halt seem to be fading. Christmas Elf Tim Geithner was on the Sunday Morning talk shows trying to alleviate "Fiscal Cliff" fears. If you read the watchlist every morning you would know my thoughts, that we melt higher into the end of the year. I give it a few more days before we start hearing "Santa Rally" instead of fiscal cliff.
We have some big movers this morning on upgrades and news articles: DECK is trading over $42 PM on an upgrade, LULU is trading over $73 on an upgrade, DELL is up 4% on an upgrade as well. Others to watch are RIG and LMCA, which were covered in Barron's.
UPB had a great week ahead class last night, and the link for the video will be available sometime today. I know Biglots was his big play, as well as DMND.
My watchlist today is light, as i am a little fearful of a gap and trap. Please don't trade any text alert expecting the same results as last week.
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I like SHLD for a bounce sometime this week, hopefully starting today so will try and grab some weeklies. Once i get weeklies will look for some monthlies. Of course you know NETFLIX is one of my favs still. I grabbed 87.50s on friday afternoon and will look to get some 90s today.
WYNN may move on Macau #'s out today, and I am waiting for LNKD to finally start to head towards $120. I dont like the bottom two as much an those are mostly on watch and will probably not get any today.
SODA looks great at the open today so hoping for more follow through.
Lets have a great trading day!!