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Chart Attack Ep. 2: Long Father's Day, WFC, RIG, AA, ...

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Chart Attack Ep. 2: Long Father's Day, WFC, RIG, AA, ...

F
FINZtv

4 Views • Jun 22, 2009

Description

Father's day special Chart Attack, TraderAlamo welcomes big daddy "Tony Soprano look-alike" Papa Alamo. Despite last week being a down week, Alamo finds the best setups on the long side. Alamo brings out four long trades, a pass on oil, and no shorts unless Vornado Realty (VNO) breaks down. Wells Fargo (WFC): LONG above $25.50, STOP below $23.22. United States Oil Fund (USO): no trade- just watch TransOcean (RIG): LONG if move higher (up day) with STOP on a close (ending a day) below 50 day moving average Alcoa (AA): LONG with STOP on a close below 50 day moving average Vornado Realty (VNO): 2-way trade LONG over 50-day with STOP at $42.00 SHORT on move below $41.75 with STOP if move over 50 day moving average Submit stocks, trades, and questions for the next chart attack to fanmail@finz.tv. Watch Chart Attack every Sunday on FINZ.tv! http://finz.tv/channel/video/webisodes/chart-attack/ **Disclaimer: No positions in stocks mentioned as of this video (6.21.09)** **Charts courtesy of Worden.com's Chart Services: TCnet and FreeStockCharts.com**