Sunday, June 21, 2009

JPM, CEP, UNG and BIDU per popular request



Interesting stock CEP. The "flying pennant" looks good for long, but the MACD looks butt ugly. It is in such a no mans land between Fib's they give no guidance.

The channel I drew really seems to work...so this might go to test the lower channel before it heads back towards 50%.

Let me know what you think? I'm am kind of more temped to do something like short FSLR as a related oil price play.

JPM - looking to buy puts on a ramp up