Wednesday, March 6, 2013

CELG

CELG Kicking butt- still holding here

Monday, March 4, 2013

AAPL

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


Friday, March 1, 2013

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

Thursday, February 28, 2013

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

Tuesday, February 26, 2013

30 point range on S&P Yesterday

An ugly day as the market gaps up, pushes a bit higher, and then gets cracked wide open.  Volume came up and breadth was pretty Bearish.

The S&P 500, Dow and Russell now look headed for their respective 50 day moving averages, and the NASDAQ looks headed to the 200 day moving average. My opinion has not changed, I still believe we will try for new highs, but we are in the midst of a correction.


Watch for 1477 on the S&P AS SUPPORT- 50EMA