Trade Ideas 4/3/14

GMCR: Approaching the 50MA @ 105.18, support at 105 since the big gap up. Waiting for support confirmation before going long... gaps have been getting filled lately.

STX: Hitting resistance at the gap fill, waiting for confirmation of resistance or breakout. With the current flight to value and old tech, I'd rather go long than short.

LEN: Running into resistance here just above 40 at the 50ma. Trend line broken and now might prove resistance, trend lines aren't the most exact measures. Confirmed breakout means go long!

NFLX: Once again looking at this. The short trade looks to be running out of steam, 350-360 area has been holding up. But the gap hasn't quite been filled yet, and the 200MA has yet to be touched. S&P 500 made an all time high this week, maybe this sell off has made its run. Will not go long until a close above 100MA at 384.