I could be early on this but Looking at some charts I think the TECH stocks that pushed us higher could see a pullback in the next couple of week especially in the slow summer dull drums.
GOOG, APPLE, BIDU all seem like they are read to break down out of their current uptrend formations. I would use options if you are play these and make sure they are in the money.
I will be straight out shorting BIDU anything about the $295 area as I think $300 should be close to the top formation of it pattern formation,
Have a great and safe fourth of July.
MARKETJEDI
Friday, July 3, 2009
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