2012 September 27 - CLOSE

Let's try this again. LOL. I imported a google docs feed into the earlier post, but I don't like the way it looks and it may be blocked by big business, so I'm just going to pop in a picture this time of my scan.

I saw Google (GOOG) open around a resistance spot - $762 - and I snagged a few $750 Put Options on the weeklies.  Contract price was $1.60 and I got out at the 2.15 level about 10 minutes later.  I didn't see GOOG going much higher than 762, so it was a low risk play.  Had it continued up to $765 I would've bounced out with a loss, but I didn't expect a spike like that today on lower volume.  I may short it again it if opens near $762.  A lower opening in the $745 range would support a Buy in my opinion.

If Gold hits $174, I'm shorting it until it can prove that it has the ability to go higher with some good volume.  I will be paying close attention to the 30 minute volume on Gold tomorrow.

IWM closed at short term resistance, so I am going to be considering a short tomorrow.

JPM has 20 DMA support, so I'm considering a long buy in JPM.

PCLN - if this stock breaks above $635 with good volume then I am long PCLN.  I would ride it up to the $675 level if possible.  Also, PCLN has been at this spot before and moved up with ease.  There was good intraday movement on PCLN, so I'm really watching this one over the next few days.  I wouldn't be surprised if this one opened with a gap up.

XOM is a head scratcher for me. It's having trouble going higher, and in looking to the past, I see no reason for it to be a buy until we get good volume moving it up.  Either way, I'm staying away.

One thing I'd like to point out is how GOOG, PCLN, and IWM all had good volume today.  Tomorrow is the last day of the quarter, which means it could be another up day to try and add some window dressing to customer portfolios.  Trade up.