With christmas around the corner, there is no doubt some tech stocks should be in play. Since I can't get a good handle on which one to play I rather play some shorts into resistance. My favorite one would be AAPL. A trade close to or above $115 I would buy the $100 puts on the following month.
I am just putting out some plays so many of you can watch, they are not in play till I give it as a trade call.
MARKETJEDI
Thursday, November 27, 2008
TRADE CALL SET UP: SKF
Please note this is a set up and you must follow the play. Most of you know this is one of my favorite ultrashort to play. The troubling news out of the financials have abated for the time being but their will be more. I am going to play this again long if it breaks $110 and as usual I think $90 will be a shut your eye and buy.
I am expecting the DOW to at least test the 9000 level in the next 3 trading days and possibly get a blow off top soon, which should set us up nicely for the cycle lows I am calculating around January. Lets hope I am right because I would love nothing more than to start 09 with a bang.
Watch the US Dollar too as I believe it should also get a blow of top very very soon.
I am expecting the DOW to at least test the 9000 level in the next 3 trading days and possibly get a blow off top soon, which should set us up nicely for the cycle lows I am calculating around January. Lets hope I am right because I would love nothing more than to start 09 with a bang.
Watch the US Dollar too as I believe it should also get a blow of top very very soon.
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