Stock Trade Team

AAPL stopped us out again, but if it breaks below 241 we think it’ll see that downside we were looking for when we first took the trade. If not, it could continue to run up. Choose a side if you like it long, we think 260 is possible, if you go short it may at least go back to that 220 we initially thought it should retrace to. Right now we’re waiting for the short to set up. And if it triggers keeping that stop again at 241.65. We’ll see what happens…. Trade Smart!

Got stopped but putting the position on again as it’s failed and putting a new stop at $241.65. R/R still good. We’ll hat to see what it does.

Ok this is a riskier trade but it’s looking decent for a short term play. Yes, the company and products are on fire, heck I got to play with a IPad last weekend and those things are sweeeet! This may be exactly why we like it for a short time trade to the downside. We like AAPL short here at 239.40 with a stop in at 240.65. If we do see some downside action we like it to around 220 range. Great risk to reward on this one. The May 220 puts might be a decent one play to manage your risk. We’ll see how it pans out…

Congrats to everyone who bought some gold to the target of 1120!

US GOLD SUPPLY FOR CASH ALTERNATIVE.

We’ve been really busy with out other projects, but after studying some charts we see gold futures poised to continue running to 1120. Once it gets that high be ready for some profit taking. We’re looking at the mini gold futures on this target. Alright that’s it for now… Trade Smart!

It’s options expy day today so the action could be fast.  Be sure to know whether you’re going into cash for the weekend or taking some risk for holding over.

PG and IBM look like large caps worth a watch.   We’ll continue to monitor.

We’re watching APC and FLEX this morning.  We’ll update in a few…

Just saw the headlines and was like, um ok, what has the Gov’t done to give them credibility to say that?  Hmm, give billions in cash for clunkers into depreciating assets.  Bail out banks with trillions when the banks aren’t even willing to help their customers get out or refi the bad loans they have them in.  What will that do to the markets?  Well, since the big money controls the majority of the marketplace, we can continue to see some upside.  The SPY might get to 113 before we see any downside action.  But when it hits that level look out below!

ADSK and ANF are on our watchers…