DISCLAIMER: I AM NOT CERTIFIED TO GIVE ANY TRADE RECOMMENDATIONS THEREFORE EVERYTHING I WRITE ABOUT IS NOT REAL AND IS NOT A BUY OR SELL RECOMMENDATION

STOCKS:

$PRKR liking this for a swing play, infringment case with $AAPL, entry 2.05 T1 2.50

S&P 500 E-MINI FUTURES:

Current contract: ESH7

WEEKLY OUTLOOK:

We closed up higher than everyday that we opened last week but momentum could be running out. We shall see but it has slowed down for sure. I am still bullish until proven otherwise.

MY LAST WATCHLIST:

We broke the trendline down yesterday and confirmed lower last night. I think we will test 2358 one more time before moving lower toward 2348 then 2338. I am only looking to sell right now if everything lines up.

RECAP OF LAST WATCHLIST:

We did indeed test 2358 and continued to push higher toward new highs. We didn’t get that sell off like I was thinking we may.

TODAY'S WATCHLIST:

We will see how we open but I expect us to go sideways here for awhile as we choose which direction we want to go. That being said I will look to sell 2365 and cover near 2355 until it does not work.

NEWS TO WATCH:

None

Crude Oil futures

Current contract: CLJ16 (March)

WEEKLY OUTLOOK:

Still sideways action last week. For the week I will look to buy 53.40 if we get it. I expect us to rise toward 55 sometime this week. Oil may make a little bullish run here.

MY LAST WATCHLIST:

We may see some buyers here around 9-10 for a push back up to 54.20. I think we just range between 54.20 and 53.70. No real plays today. Unless you want to scalp.

RECAP OF LAST WATCHLIST:

In my last watchlist that was exactly what happened. Not much movement after 10 and 54.25 was the high and 54 was the low.

TODAY'S WATCHLIST:

On Monday I will look to buy near 53.50 with a target at 54.10. May look to short under 53.50 with a quick T1 at 53.25.

NEWS TO WATCH:

 

None