Tuesday, October 9, 2012

Tuesday evening

SPX Daily
We are seeing another pull back from that 1455-1465 area. If the bulls can't hold the 50day SMA level (1425ish), then 1400-1415ish would be the next potential support area. Sentimentrader short term indicators look ripe for buying.

AAPL Daily
AAPL pushed down to the 625ish level today and found some buyers. You can see on the daily chart that it's at an interesting spot here. It's looking ripe for a bounce back up towards the 50day SMA (655-660). If it just continues lower tomorrow, the next level of potential support is that 600-610 area.

Naz futures traded its highest daily volume in the December contract today. That kind of volume push on a daily chart typically marks a turning point (at least temporarily).... which is another reason I'm leaning towards an AAPL bounce here.

Tuesday afternoon


Ms. Market seems a little cranky today.

Tuesday morning