4/29/15 AET

AET- Aetna close up 3.24% today after a solid earnings report. The stock has broken out above the 110 level after basing for around a month. AET has been trending nicely therefore I expect this breakout from consolidation to be a resumption of the trend in place. The MACD indicator is curling upwards above the 0 line, it has not yet crossed over but looks like it will do so soon. I am looking for the 115 level shortly representing  a roughly 4-5% gain in the near term.

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4/23/15 FRAN

FRAN added to watch list looks ready for another leg higher if it can break and hold 18. Pretty small float so if it gets some volume it could end up being a pretty decent push.

4/22/15 ABT

ABT nice post earnings b/o at all time highs on higher than average volume with a strong close just below HOD. 50 SMA below,  MACD also curling up above zero line. Very strong weekly trend. Nothing but air above but will likely find resistance at $50 in the near term. Will be looking at May or June calls most likely the 50 strike.

4/20/15 CDW

CDW corp looking for a breakout from an ascending triangle. I like the way this is setup however I would like to see it confirm with a close above 38.50. The MACD looks to be curling up and RSI is making higher lows. After a confirming close above 38.50 I could see the stock pressing up into the low 40’s in the near term. A rally in the S&P’s and DJIA could give CDW the push it needs to break out.

4/17/2015- BSX

Boston Scientific Corp. broke out today on heavy volume from a nice month long consolidation. BSX has been trending nicely in 2015 the stock is up roughly 35% YTD. I expect to see more upside performance over the next couple of weeks. The company has had steady earnings growth over the past several years. This fundamental strength coupled with a technical break out leads me to believe the stock will continue to perform well in the near term.

This is not intended as advice nor will I be held responsible for any losses that you may incur following my ideas. These are simply my personal thoughts regarding the company and I am in no way affiliated with the company mentioned.

4/16/15 IBM

Typically, I don’t like to play earnings because the risk is too high for my liking. Honestly, how many times have we seen a company come out with killer earnings only to have the stock get completely crushed after the announcement. IBM has caught my eye as it has been in a downtrend for some time but seems to have found a bottom in the near term. I see an inverse head and shoulders setup and an ascending triangle. I am looking for a breakout above $165 post earnings regardless of whether IBM beats or not. I think a strong push above $165 could start a nice rally up to resistance at $180. There is significant risk here ahead of earnings as most analysts have guided for a move lower in the longer term which very well may be in the cards. Resistance at $165 has been very strong so if it breaks the stock will likely experience an explosive move upwards.

Chart updated 4/29

This is not intended as advice nor will I be held responsible for any losses that you may incur following my ideas. These are simply my personal thoughts regarding the company and I am in no way affiliated with the company mentioned. I am long May expiry 175 Calls.