rburmeister2

rburmeister2

Watch CSCO as it continues to drop on the B wave. Look for a target of $50.50. Consider buying options 2 Fridays out one this is confirmed.

rburmeister2

IBM continues to consolidate after dropping down the A wave. If enough buying power comes in this should begin the B wave. Look for a target of around $145. Consider buying options 2 Fridays out once this is confirmed.

rburmeister2

Look for the B wave completion in the next few days. If this happens it would be good for a short down to $131. I would grab an option 2 Fridays out once this is confirmed.

rburmeister2

General Mills has recently gained support after retracing to key fib levels. Moving sideways and starting to trend up is giving us a buy signal. GIS earnings are on 6/28 - be careful holding through earnings.

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Disney continues to trend down after meeting resistance around $94.50.

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PG recently bounced off key fib levels to continue up the channel. Earnings will be reported on 7/28 which gives us a good size window to jump in and let this ride up. Reasons: • Bounced off key fib level • Continues to follow an upwards channel • Earnings within 6 weeks Comment below and let me know your thoughts.

rburmeister2

Long call for Starbucks after bouncing off critical support levels around $98. After moving up the past few days I am looking at $104.99 for the next target.