Slope Of Hope with Tim Knight

Harry Boxer's Charts of the Day

Originally published on TheTechTrader.com.

Big-Cap Tech Stocks to Watch (by Mike Paulenoff)

Cisco (CSCO) reports earnings after today's close. With that in mind, let's have a look at the comparative patterns (and my intermediate-term analytics) on some big-cap technology names.

Intel (INTC) is on a technical buy signal (since Jan 4) and will remain so unless it breaks 26.30 (1st warning), but must break 24.97 to damage the chart structure. My next upside target is 27.50/80 and then 28.50.

Cisco (CSCO) is on a technical buy signal (since Jan 4) and will remain so unless it breaks 19.61 (1st warning), but must break 19.25 to damage the chart structure. My next upside target is 21.05/25 and then 21.40/50.

Microsoft (MSFT) is on a buy signal (since Dec 28) and will remain so unless it breaks 29.70 (1st warning), but must break 28.80 to damage the chart structure. My next upside target is 30.60/80 and then 31.50/60.

Harry Boxer's Charts of the Day

Originally published on TheTechTrader.com.

Pair of Longs, Pair of Shorts (by Ryan Mallory)

LONG: Cameron International (CAM)

 

LONG: CH Robinson Worldwide (CHRW)

 

SHORT: Netlist (NLST)

SHORT: Tessera Technologies (TSRA)

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Swing Trade Setups (by Ryan Mallory)

SHORT: XL Group (XL)

 

New Setups (by Ryan Mallory)

LONG: Harris Corp (HRS)

Harry Boxer's Charts of the Day

Originally published on TheTechTrader.com.

Hedging a High Yield Long Idea

Hedging a High Yield Long Idea

Hey Fellow Slopers,

In a post Wednesday morning ("High-Yield Long Idea Idea Continues Strong"), Tim noted the strong performance of his long position in the SPDR Barclays High Yield Bond ETF JNK. Back in August, I looked at the cost of hedging JNK, but I thought it might be worth taking another look after seeing Tim's post. It turns out JNK is pretty inexpensive to hedge right now. The table below shows the cost, as of Wednesday's close, of hedging it against a greater-than-20% drop over the next several months.

A Comparison

For comparison purposes, I've added six of the most actively traded ETFs to the table. First, a reminder about what optimal puts are, and a note about decline thresholds; then, a screen capture showing the optimal puts to hedge JNK.

High-Yield Long Idea Continues Strong

Swing-Trades To Get You Through The Day (by Ryan Mallory)

We're finally seeing some weakness out of this market as we have pulled nicely off of the day's highs and into the red. But the constant theme of this market so far in 2012 is the seemingly endless bid underneath this market. We haven't seen it kick in yet today, but one can't discount that still happening. We also have a lot of potential news catalysts in the form of the FOMC Statement on Wednesday as well as the GDP report on Friday. 

With that said, take a look at the setups below. You have 2 1/2 longs and 1 1/2 shorts (you'll see what I mean). All of them provide tight stop-losses to prevent any major damage should the market go against you, while offering quite a bit of reward should the market confirm your market predisposition.