Hopewell's Journal

[Hopewell]

CRK target $22. Stop $18.50. Entry at $19.75 or below. Check out this 30-minute chart. No pullbacks were allowed today! These buyers appear hungry. Highest volume day in years.

<img src = "http://i1233.photobucket.com/albums/ff390/Hopewell3/111206crk.png">

<img src = "http://i1233.photobucket.com/albums/ff390/Hopewell3/111206crk30m.png">

 

[Hopewell]

First target reached on SFLY ($24.88). 1/3 taken off. Stop comes down to breakeven. Entry at 27.75.

Next target is 200ma on weekly chart, around $24.00.

 

[Hopewell]

MCD should be touching $100 soon. This week I imagine, or perhaps next week at the latest.

 

[Hopewell]

I suspect SPY is on its way now to touch the Nov 8th closing price of $127.88.

 

[Hopewell]

Hahaha. Gotta love that FOMC.

 

[Hopewell]

WFC shooting for yday's highs

 

[Hopewell]

WFC continuing its journey to Tuesday's high

 

[Hopewell]

WFC looking especially well today compared to SPY. Should reach the high of the 13th in a matter of days.

 

[Hopewell]

I think TNA here is a better buy than WFC for the same movement. More bang for the buck. Sell TNA once WFC crosses above its high of the 13th.

 

[Hopewell]

Buy TNA at or below 41.70