EIX triggered late on Friday by holding above the $65,35 trigger level in an up market. It joined PPL, our other bullish idea from last week, which had triggered prior. As of now, both stocks ran up very nicely this morning but backed off their highs.

Remember, earnings are due out very shortly on both of these stocks. Prudent players can consider taking profits, at some point prior, to avoid earnings release risk. For more aggressive types, keep a close eye on things and if you get the post-earnings move you seek, well then, congratulations to you!

With the markets remaining in a fairly-volatile phase, we’re more inclined to take the money, even it is small money, and run.

Thanks,
Wayne Razzi