Today is FOMC day so I wont be watching the markets as usual. Volume usually tapper off after the first hour on FOMC days so difficult to do anything till after announcement.
Finally the Nasdaq has tagged its 2012 highs. So all major indices have hit or surpassed their 2012 highs which now put me on hold for any new longs to be initiated. More than likely we hit 1600 on the S&P because it is so close but I would be definitely be cautious since we are not in the "Sell in May and go away" time frame.
In the mean time, let's see how volume shakes out after FOMC and play smaller size on plays if you do.
Wednesday, May 1, 2013
Monday, April 29, 2013
Wednesday, April 24, 2013
AAPL
Bye bye AAPL. May find some support at 378 but i would not count on it. I would give it a couple days for the selling to subside
Tuesday, April 23, 2013
The Stock I HATE
Yes AAPL earnings is this evening after market close.. Something tells me they will get sold off but as I know thats why it is the top hated stock I ever traded.
Friday, April 19, 2013
Wednesday, April 17, 2013
Markets Crushed
Markets are crushed Equities and Commoditites.
50 EMA is 1536 on the S&P watch for support there
50 EMA is 1536 on the S&P watch for support there
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