Wednesday, April 16, 2008

GOOG: Keep eye on it today

With the futures up huge on intel's earnings lets watch GOOG today for all those active traders for a trade. Yesterday Google showed relative weakness and if it show weakness today before 10:30 am we can play it on the short side. This is a heads up trade on stuff I look at and since some of you have been asking me for my trades ideas these are some of the set ups I look for on daytrades.
Also it will be interested if this is the turning point in earnings or we just sell into the strength today. These signals will tell us how the next few days might play out. If it is a turning point I will be looking for the markets to test their prospective 200 day moving averages above.

No comments: