AI
Sunday, September 02, 2012 6:37:01 AM
FB , also a function of whether the market rolls over from here or not and if it does then $15/16 will prolly be a given , so chart everyone needs to be focussed on is the SPY . The trade was to fade that last Soro's pop into the 20's for doesnt deserve $43Bil val .
If this market rolls then lots of stocks going back down to retest lows , even LNKD FFIV CRM etc for bears will rush right back in tanking everything they can with good reason to do so . Slow down in Euro borderline recession & recesssion , US GDP has drifted lower & unemployment remains unchanged while market has bid up 6%+ already with Oil & retail rebounds into end of summer back to school rally . (why some retails wont come down )
Notice all intraday moves now for GOOG AAPL FFIV PCLN etc all directly SPY dependent which is why you have to have simultaneous charts running always for the Futs & SPY to make successful trades and know the pivots which has seen the SPY unable to retake $142 more specifically 141.80 acting as really firm R on all pops thurs/fri .
Most all fades taken there on SPY were good , AAPL 668 , GOOG 688 ,FFIV 99 even AMZN which really still has momo into sept 6th "event" gave back some . Then there was that huge $1Bil dump last of fri trading on the SPY and we could really see some accelerated selling in Sept .
They could pop things once more too for the refade , AAPL is notorious for selling the news so we'll see after AMZN & AAPL do their big event thingies with IP5 etc ..this looks like hitting Top Resistance to me , with upside very limited of 20pts vs ?
If this market rolls then lots of stocks going back down to retest lows , even LNKD FFIV CRM etc for bears will rush right back in tanking everything they can with good reason to do so . Slow down in Euro borderline recession & recesssion , US GDP has drifted lower & unemployment remains unchanged while market has bid up 6%+ already with Oil & retail rebounds into end of summer back to school rally . (why some retails wont come down )
Notice all intraday moves now for GOOG AAPL FFIV PCLN etc all directly SPY dependent which is why you have to have simultaneous charts running always for the Futs & SPY to make successful trades and know the pivots which has seen the SPY unable to retake $142 more specifically 141.80 acting as really firm R on all pops thurs/fri .
Most all fades taken there on SPY were good , AAPL 668 , GOOG 688 ,FFIV 99 even AMZN which really still has momo into sept 6th "event" gave back some . Then there was that huge $1Bil dump last of fri trading on the SPY and we could really see some accelerated selling in Sept .
They could pop things once more too for the refade , AAPL is notorious for selling the news so we'll see after AMZN & AAPL do their big event thingies with IP5 etc ..this looks like hitting Top Resistance to me , with upside very limited of 20pts vs ?
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
