Miles J. Stoner, @StockHollywood

Dallas, Texas

3.18.2012

March 19 - Mon. "Stocks Don't Kill People"

PWRD - great earnings beat on thursday night, stock could rip higher, it did pop over 20% on friday so 2 plays, either it has too much off a sell off towards 15 level where I think it has support and we take it long or it pushes towards 17 and 18 and we look short on it.

ANF - look for a pull to 51 or close to it for a long swing. 
 
ADSK - stock pulled from 41 on friday, look for it to cross for the long, then over extend and short. I will prolly only play the short though.
 DOLE - 11.5 is big resistance, not sure if it has enough power to get through there, will be watching for the set up with a potential short bias at that point. 
 
OSG - I'm still feeling this one long on pulls, only when it gets to its resistance in the 13's and 14's does it have a reason to pull. I may be playing this one too patiently, but I don't like it short yet, just a watch for me until it gets to sweet spot. Don't get me wrong you should be watching for that short, but play the price action cause it still has some upside left and who knows it maybe wants overextention before pulls.
MONDAY, March 19
Extended-Hours Earnings: ADBE, FMCN, IOC.
Economic Data: 10 a.m. NAHB Housing Market Index.
TUESDAY, March 20
Extended-Hours Earnings: DSW, JBL, JEF, ORCL, TIF.
Economic Data: 8:30 a.m. Housing Starts; Building Permits.
WEDNESDAY, March 21
Economic Data: 7 a.m. MBA Mortgage Index; 10 a.m. Existing Home Sales; 10:30 a.m. Crude Inventories.
THURSDAY, March 22
Extended-Hours Earnings: DG, FDX, GME, NKE.
Economic Data: 8:30 a.m. Initial Claims; 10 a.m. FHFA Housing Price Index; Leading Indicators; New Home Sales.
FRIDAY, March 23
Extended-Hours Earnings: CIS, KBH.