LULU is up big after hours. Do Not buy first thing at 9:30 wait at least 1 hour. After 10:30 if LULU is still moving higher you can take a SMALL starter position. LULU has readjusted their 4 quarter sales figures and adjusted them higher. It looks like LULU was the gift of the Christmas season for women! LULU has the ability to be a big winning stock of 2011.
Tuesday, January 11, 2011
JPM and LULU
Entry points are everything. If you get the entry point right everything else will take care of itself. JPM has fallen a few points and have formed what looks like a BULL FLAG. A Bull Flag is a pull back in a stock with decreased selling pressure. The bottom of the Flag is around 43.30. a good trade to get involved would look like this. Buy a Small amount, a starter get involved position in JPM in the 43.20 to 43.75 area. Do not buy a full position at this first buy. We are waiting for confirmation of a Break Out. A break out in JPM would look like this. JPM moving above 44.70 in above average volume. A stop loss should be immediately placed at 42.50. If JPM moves below this amount we are wrong and need to be out of this trade. JPM declares earnings this Friday and they should be good.