New Week

start of a new week and though we are over extended on the upside I am still banking on seeing new highs on the S&P. Traders don't car about the DOW because it is not a true reflection of the market so I am expecting the S&P to hit the new highs soon.
After that i would be looking at any exhaustive moves as a blow off top to spot some shorts but in the meantime I am long some CELG and ALTR here and nothing more in terms of stocks.

Folks we careful as the market is always trying to take from the 90% to distribute to the 10% so don't get caught up in what the 90% are saying but use that as a signal for caution.

Also watching AAPL to see if we make new lows after last week lows.

CELG

CELG Kicking butt- still holding here

AAPL

No love for AAPL- New year low again- sub 425 close would look terrible technically.

Interesting Fact

The last four weeks the S&P has ended at 1518,1520,1516 and 1518. We are in a tight coil with not much going on. I believe we break the coil next week and go upward.
Remember tuesday this week all the talking heads calling for a major pullback, personally I don't see it. Hard to buy here but I am not in the camp we retreat yet. I believe we will grind up till April.


Expecting new highs next week, though it will be in weak hands

APPLE

New 52 week lows on AAPL

Speculative play

Bought some PANW @$60.40 as a speculative play today.
Using a $3 stop

CELG Update

CELG looks like it it in break out mode- new highs here.

that one was a nice options play- lucky i rolled out of feb into march- Riding them till expiration