Wednesday, April 3, 2013

Wednesday evening - AAPL


AAPL 15min

It's a bit sloppy, but that's sort of a head & shoulders bottom trying to form.  Wouldn't be good for it to take out 430.

Wednesday afternoon


Now that market affecting announcements can be made by companies via Twitter or Facebook megaphones may not be a thing of the past.

The market needs to consolidate recent gains.  It looks to be doing that as the SPY is sitting on the 20 day simple moving average as the noon hour approaches. Bollinger Bands are tightening on the daily chart but we are about 8% above the 200 day and have not been anywhere near it since December.

You don't have to trade everyday.  If you don't like the setup or can't get synched up with the movements then take a break.  Don't make a bad trade trying to force a good one.

Wednesday morning