Spike in Market

We are getting a spike here in the market because of the news coming out of AMBAC coming of credit watch. We will see if his is the bounce we need to get the bulls going or we fade the move. We got a new high on the 2:30 transition time.

TRADE CALL- AAPL

Still in but looks weaker here- I am still holding stop at 116.50

Update

Market seem to be working as planned per last night update. Early weakness was bought by the bulls and I think it should holdup this week.

TRADE CALL :AAPL update

Make that stop $2.50. Stop at 116.50

TRADE CALL :AAPL

Buying 1/2 share of AAPL 119. I am goign to use a $3 stop, very active trade.

FNM

FNM just got downgraded again this morning. Hopefully this one will be a huge winner

Last week of February

Not a stellar month in the markets more of a trading range with the bears taking a much firmer stand. This week based on Fridays action if I were a betting person I would have to be on the bulls side. I do see a number of bull flags forming on some charts and also double bottoms which lead me to this conclusion.
I am waiting till pre market tomorrow to make my call on a stock which I think has some upside from here. Since it is an expensive stock I will be looking to play the options if they are reasonably priced.
If the bulls make a stand here this week we might see a significant more since we have been in a tight trading range with extremely low ADX readings.

Good Luck this week