I want to see how the market reacts to Intel's earnings prior to initiating new plays. When Intel beat forecasts on January 11 the market spiked higher but then proceeded to sell off -9% in the ensuing weeks. We iniated puts on SPY today to take advantage of any sell off.
Here are a couple trading ideas on stocks that look bullish. NBR - reversal candlestick and appears ready to break downtrend line. MRX - bounce off of uptrend line and prior support/resistance level in the $24.75 area.