One of the stocks to consider to play this rebound is ADSK.

The stock is in clear uptrend. It has plenty of support at 27$. My first target would be 31-32. This should coincide with the S&P 500 index at 1100-1120.

The price action for the EUR/USD is not so clear. A lot of uncertainty regarding this pair short term.

Right now the pair is  in a clear downtrend (4H chart). If it doesn’t break above 1.26-1.27 come Monday, then it would be a good idea to place a short. First target 1.2430, second – 1.23. If that doesn’t hold, we will eventually see 1.20 soon.

BHP long term chart suggests that the 82$ area acts like a magnet to the stock. If it is able to hold this pace, we might see 90$ by May Options Expiration.

Another long term bull is CHK. has been trading in a range for more than 6 months. It is a safe bet to buy here with a stop below 24.50 and a targets of 27/30/35.

In fact some of the stocks I mentioned last week have pulled back a little, and have reached target levels:

ZMH – start accumulating at 59.30-59.70. Stop at 58.20. Target 65.00. 1/5 Risk/Reward.

RINO – has pulled back more than 4%, but has already managed to get into positive territory. Expecting a 50% rise by May.

CHK – buy now at 25.00-25.50. It is a save pick unless it trades below 24.00.

ADY – been burned in this one, but I believe it deserves a second chance. Right now it is stuck between 22 and 21. My strategy would be to buy 1/2 at the current level with the stop below 21. Add to the position when we breakout above 22. Looking for a gap close at 24.

As I have stated before, today is a break or make day – it will determine the direction for the coming months. And this direction is pointing higher. Maybe we will get some retracement going into next week (I hope we will) but I am not shorting, but just waiting for the long setups.

Here are some potential plays:

CHK – buy 25-26. target 35 by april opex
CALM – buy at 32-33, target 40-42 by april opex
ZMH – buy at 58-60, target 52-week highs.
AIG – buy 27-28, target 33 next week
RINO – pullback to 22. buy. target 27

Use 3% stop loss.

it also looks like EUR/USD has also reached the bottom for awhile. The pullbacks are keeping being bough back, MACD shows divergence.

As for the stocks, we’ve got an ugly opening today, but managed to make it all back. Also, a lot of stocks have closed the day with big gains, erasing the losses for the previous days. One of those stocks is POT.

This is a nice buy here a 110-111, with the stop below 105 and a next weeks target at 122. Short term target is ~116. You may also want trade through ATM Call options, as they offer a better R/R for a trade.

I personally have bough March Calls@110 at 5.05. Stop below today’s low. Looking for 122 next week, though it all depends on tomorrow’s price action. If SPX is not able to break above 1113 I am out of my position.

CDII – buy at 1.55, stop below 1.45. Will be looking for a 100% return in a couple of months.

TIE – this is a real gem, check out the chart below. Looking for >50% return in a couple of months. Buy at 10-11. Stop below 10.40.

ATI – it represents the same chart pattern as TIE, though expected returns are not that exciting. Thus I would suggest buying some 45@March Call Options in this one. Target ~50$ by March Expiration.

Today I have made several trades, according to my game plan. Didn’t trade GOOG though, as it lacks momentum and stayed almost flat through the day.

In fact, I was able to make only two trades (others were not executed, as the price hasn’t reached my target):

ABVT – bough February Calls@60 for 0.60$, sold for 1.60$, nice return for a one day’s work.

ADY – The main thing, I like this company is its finances – strong balance sheet, fast growth.I also liek the huge gap above that needs to be closed, thus my target for this stocks is 32$ by next options expiration. Have been accumulating Calls all day long. Average price 1.55 for March@25 calls.

Here is the whole list of long setups for the coming week:

Less risky.

WOOF, ABVT, SHLD, ATI, ADY, GOOG

More Risky
ACAD, AMD, APL, BKM, C, BPCG, CBI, CCOI, DPTR, HOG, INSP, JADE, CNA, JAH, HME, MSO

All the setups are almost the same, the idea is to buy a pullback in the rising stock.

For most of the people that would be the best way to invest in the markets – you research fundamentals, you dig for information, you compare long-term charts and competition, and then you make the move. You invest in several companies with the idea to hold this positions, at least 4-6 months.

For me, as a trader, this route doesn’t work – my capital is my working tool, and I cannot afford stash it away for half of the year.

So, now I am back to trading options, which are great tools to achieve higher return with well managed risk.

The chart below indicates, that the pullback we witnessed for the past 2 weeks may well be over, and some kind of rebound is going to happen soon. And by buying 3  Google Calls@Feb for 1.98$ I am betting that it has already started.

My stop is below 525$. My Targets are 550 and 570 (gap close)

With the current pullback in the stock market, most of the companies have reached buying levels. Others have breached below their support levels and headed lower and some have already reached their targets.

The most remarkable calls were in CPE and DSPG. Check out the charts:

The DSPG stock has made a pullback right to the entry point at 5.80 and then reversed all the way to 7$. It looks like it has some steam left. My target would be 7.75 before any rebound.

CPE has risen more than 40% since my call.

Here is the list of the remaining stocks to watch this week:

NTRI
TRA
AGU
TSO
VLO
PETD
ALY
OMNI
CFW
NGAS
WNR

Here is another stock similar to CPE:
KAZ - a US registered company ingaged in oil production and exploration in Kazakhstan. BMB Munai operates under its wholly owned subsidiary Emir Oil. The company is engaged in the exploration, development, and production of crude oil and natural gas. The Aksaz, Dolinnoe, and Emir oil and gas fields in western Kazakhstan serve as the primary areas for exploration and development. It transports oil and gas via rail, barge, and pipeline through Russian territory.

Although the stock is losing its steam and there is no follow through in price, it is strong fundamentilly. With the market Cap. of ~60$ mil. it has 250$ mil. of proven oil and gas reserves.

I have gone long at 1.20$ and planning to hold this one forawhile. Next week they will aanounce their 3rd quarter results, that should be interesting.