BK: 25.6 level to watch

06/12/09: Bank of New York (BK, NASDAQ)
A very interesting, potentially powerful setup in the making. If the 25.6 support level is broken sell short, look at Put options also. Overhead resistance coming down from around the 30 level with additional resistance at 31.44, potentially bearish longer term patterns also formed. If the breakout occurs this could be a huge move, potentially to 18.4 level initially. Entry at 25.6.

^TNX: Broken through support

30/11/09: Ten Year Treasury Note (^TNX, CBOE)
Broken through support - short opened at 3.2010%

MGM: At resistance level

22/11/09: MGM Mirage (MGM, NYSE)
At resistance and represents a speculative low-risk play. Sell Short at around $11, initial 50% Take Profit at $9, initial stop loss at $12.

ISTA: At support level

22/11/09: ISTA Pharmaceuticals (ISTA, NASDAQ)
At support and starting a new uptrend, this represents a low risk trade. A trade can either be entered around the close at $4.19 or a few cents lower around the $4.05 area which is the area I will be targetting.
Initial target and 50% take profit around $4.8, longer term target around $6, stop loss $3.39
Possibility to go for an options play also with .IIQLA Dec 09 $5 call.

Mid Term Swing Opportunity: Short Eurodollar

22/11/09 The Eurodollar (CME) is one of the most liquid markets in the world. It is an inverted interest rate market, meaning it cannot go past 100. It is currently at 99.735 this is as low risk as they come for a short trade with very limited further upside potential. RSI is in overbought territory. Allocate standard 5% of account to this trade. Sell at market open or around 99.735 level. For demo purposes around 7.5 contracts would equate to 5% risk of a $100,000 portfolio.

Eurodollar as of 20th November 2009