Long CVS at $36.50

Here's another trade that I just made in CVS Caremark (CVS) on top of the Apple (AAPL) trade that I made this morning at $348.73. CVS is positioning itself for a great breakout, assuming the the market cooperates in the coming days. If so, the stock could make a push for $38-39 without much resistance. I also just jumped in the Ultralong S&P ETF (SSO) at $55.40 off of oversold market conditions (intraday) that looks ripe for a bounce. I will likely hold this overnight as well.

Here's my CVS chart.

Read more...