Apple Stock Analysis
http://daytradingstockblog.blogspot.com/2010/11/apple-inc-aapl-stock-analysis_19.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+DayTradingBlog2+(Day+Trading+Blog)
11/19
I think I`m going to stay neutral today. The market got its gap up at the open yesterday, but I could`nt find a trade after that as most of my stocks flat-lined.If you have`nt read the post by http://leighdrogen.com/ on not shorting an uptrend, you probably should.
So, yesterday did`nt look as strong as the gap seemed and the charts I offer up today still show signs of short term weakness.
CIEN does look like a promising long. I threw in ANF from TraderStewie http://theimpatienttrader.blogspot.com/ as a possible long.
I don`t like this market right now and except for a day trade here or there I`m sitting it out.
Good luck.
ARUN
This one shows the same pattern as FCX, stopped at resistance. Got some positive earnings press yesterday.
Could break out.
ADBE
Just nasty looking. I might grab a piece of this short today. Probably most promising short I see.
CSCO
It might be time to get involved here in a long term trade. A buy/write or a vertical. I hate buying these collapses though, you usually get one more shot at a cheaper entry.
11/18
Sorry, this morning was a house cleaning morning. Don`t want to play this bounce...will wait to see what happens later in the day.
This is a great post on how big money managers manipulate the market when they`re selling:
http://leighdrogen.com/
Have a good day!
11/17
Solar...TSL...LDK..whole sector got a downgrade
Coal...ACI.... CNX
Sectors that look ready for a rebound:
Ags...MOS....CF...AGU
A lot of my charts have fallen to supports...MA`s or price support or both...I think that to continue this pullback would require serious bad news...with QE2 and the yearly end of the year buying spree on its way...I don`t see the pullback going much deeper...Today I`ll play for a three day pullback in SLV...AAPL and AMZN.
MELI continued higher yesterday. I`m out of WDC which is threatening to reverse higher. CCJ reversed intra day after a great sell-off and I think that`s all for that one.
Check out he charts, make your own decisions and
Have a great day!
SNDK
This one kills me every time I short it...maybe the
play is for a long bounce off the trendline?
MOS
Nice reversal candle..a lot of people are going to
see this as a good entry...take advantage for a
trade?
11/16
Today is a big day in my opinion. There were many signsthat the correction has stared, but there are also a lot of
bull flags setting up.
I`m betting short term the direction is down...but its a cautious
bet.
Have a good day.
S
I liked this yesterday for a possible reversal..no
such luck..now setting up as a triple bottom...
but will it hold?
11/15
We all know that stocks are at crazy values..but the trend is still long and why call the top again..
Well, some stocks are reversing hard BA and some others...
are they the canary in the coal mine? Its early. I`m going to dabble short Monday.
I also am going to try to trade AAPL for short term moves, maybe with the weeklies...
small positions.
Good luck Monday
MELI
I played this for a move up and it failed last week..
if the market turns up, I think this is a good short term long.
CF
reverse, this could be the stock to choose.
SLV
is this the point...worth a small position to risk it?
MOS
Again, how do you go short this high-flyer...
but Friday was a distribution day and this needs to
pull back.
AMZN
Its hard to think about shorting this...
but maybe a partial position in hopes
its the start of a reversal.
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