Seeking Alpha

Mad Hatter's  Instablog

Mad Hatter
Send Message
View Mad Hatter's Instablogs on:
  • The A's of Next Week
    On a stock-by-stock basis, last week was pretty interesting with option expiration on friday.  However, on a broader level, not much happened.  Thursday and Friday was a little pullback, but that in itself doesn't give us much to work with.  What was surprising, and says a lot about the rally, is that 1150 came and went without so much as the usual euphoria.  As of Friday evening, we're sitting pretty right below 1160.  I could see Monday and/or Tuesday bringing us to 1150 to retest support there.  After that, well, we'll see...

    AA - Alcoa
    On a fundamental level, China's trying to cool down their economy which will put pressure on all commodities.  With the S&P pulling back a bit, I would only fear a news release that indicates rising inflation in the U.S. or higher than expected growth prospects.  AA looks like a 3% move, maybe more when China really decides to put the brakes on inflation.  It's also a H&S pattern, not that I give that much credence.  This is one of those trades I spread out.  I may take some off the table after it moves 3-5%, but I'll let the rest ride to see if I can get 10+%

    .

    AGO - Assured
    Purely a technical play.  I'll see how it feels on Monday to see if the trendline holds, otherwise I'll wait and get in at the horizontal support @ 20.  There's some interest option work going on, but it looks mostly like hedging plays.



    AMED - Amedisys
    It bucked the market on Friday to come out positive.  On the one hand, we're looking at a multiple top, but the stock has such a high short float that a little buying could lead to A LOT of buying.  Keep your eye on this one, a move either way could be big.




    APOL - Apollo Education
    Another good technical short.  Also, with a recent news article refuting the benefits of for-profit eduction, demand here could be lacking.





    Disclosure: May be long/short at any period in time.
    Tags: AA, AGO, AMED, APOL, Playlist
    Mar 21 5:36 PM | Link | Comment!
Full index of posts »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.