NEW BULLISH Plays

NASDAQ OMX Group - NDAQ - close: 24.40 change: +0.03

Stop Loss: 23.24
Target(s): 26.50
Current Gain/Loss: unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see trigger

Company Description

Why We Like It:
NDAQ is slowly stair-stepping higher and shares are in the process of breaking out from its most recent trading range. Aggressive traders might want to buy NDAQ here. I'm suggesting we wait for a dip at $24.00 and use a stop loss at $23.24. We want to keep our positions very small to limit our risk. I'm still concerned the market could see a top in the next week or two. (More aggressive traders may want to consider using the February or March calls).

Buy the Dip Trigger @ $24.00

Suggested Position: Buy NDAQ stock @ $24.00

Annotated chart:

Entry on January xx at $xx.xx
Earnings Date 02/02/11 (unconfirmed)
Average Daily Volume: 1.5 million
Listed on January 18th, 2010