BJS oil services

BJS today is getting bought by Baker Hughes at a premium of only $1.50. That price does not bode well for oil service names. Watch DUG today as a inverse play

FLR trade lookback

Lets take a Insight look into today's FLR trade which netted about 2 points this am in ugly down tape. FLR was on the watch list unfortunately because its a Newsletter stock this week. ( Both FLR and FWLT have performed well and FWLT EPS ran the stock 5 points)FLR reported good EPS which beat most estimates but apparently didn't 'shine'. It had spent most of the pre market trading in a tight range slightly below the closing price of 57.49. The stock opened at $57 and immediately was hammered all the way down to 53.50. When this happens it is usually caused by stop orders in the system getting executed at bad prices.
It seemed like a decent risk/reward trade to put on with a 1/2 pnt stop at 53.60. It worked out well as it rallied quickly from there and we got a nice fast trade out of it. Remember: Heavy PM trading is very important to watch to get a grip on if the opening is tainted.

We will have more trades out of this type of hedge fund technique

BGZ SDS

Lets keep the short ETF's for AM

SDS BGZ

everyone should have these on the sheets from this AM

FLR

up 2 in FLR...trailing stop on balance

FLR

selling 1/2 FLR up 1 54.6

FLR

Buying FLR at 53.60 seems over done stop at 53

SPH

SPH did a 2ndry last night at $41.50 off a $44.04 close. It is down this am at 40.80 where I bot a little for a PM trade

stock to watch

Charts that look interesting for tomorrow VHC,JRJC,SSP,DYN,RCMT

deals deals deals

By my count there are already 20 deals scheduled for this week and likely will grow. When we have all this new paper being issued with the market this high it tends to put a clamp on gains. While we are still bullish it would be smart to put some short ETFs on to protect positions..favs are BGZ and SDS.