Candid opinions on intraday events that combine Trading Instincts with Fundamental and Technical Analysis

Estee Lauder: Watching EL for potential momentum trade; we gotta get above $39.50 resistance zone first though (EL) 39.28 +1.88 : May want to look at EL for a trade; with most of market under pressure, may see momentum in this name as fast money looks for a runner.  Note, however, that stock has resistance at $39.50 it needs to clear to keep the momentum intact. Stock has just stalled there on the first attempt.

Merck: Given stock is being defended, we think might be worth putting on a short as a contrarian trade with a stop at $29.45 (MRK) 29.25 -1.16 :

Hansen Natural follow-up (HANS) 47.09 -1.19 : Assuming that Herb Greenberg comes out with another negative report following the call. Lot of issues brought up during the call that he might be able to dig into (inventories, pricing, competition, etc). These were all issues raised by individuals asking questions on the call; while the co did an okay job of responding to each, some questions did not seem to get fully answered; also, mgmt seems to have simply gotten more rattled as the Q&A has gone on. Could see momentum players get nervous about owning a stock of a co who's mgmt seems to rattle under pressure during a Q&A session (Note that HANS shares fell as much as 5.55 pts over the next two days and Herb Greenberg came out with a very negative report the next day).