Tuesday, March 19, 2013 5:08:06 PM
GS here's why was taking fades 154/55 area, SPY 155.50 some mentioned holding long but not a good idea withlower R there and mini sell-off risk out there.
* if you note later SPY bounce to the penny almost right off
60min 200ma @ $153.60 , some bounced & some didnt, NFLX off
179 & AAPL IBM or more beaten down ones like FFIV
EA faded all the way back down to 17 from 20 last night
CELG more proftaking BIDU hammered back
CREE fade yest at 54+ was good
GMCR tuff XEC down a little more from 59
KORS down from 59 test 20m above PANL another $1 fade
LULU contrarian bounce, too many shorts in higher & covering which propped it
GS kissed the lower 50ma like it was scripted from lower double top high
* if you note later SPY bounce to the penny almost right off
60min 200ma @ $153.60 , some bounced & some didnt, NFLX off
179 & AAPL IBM or more beaten down ones like FFIV
EA faded all the way back down to 17 from 20 last night
CELG more proftaking BIDU hammered back
CREE fade yest at 54+ was good
GMCR tuff XEC down a little more from 59
KORS down from 59 test 20m above PANL another $1 fade
LULU contrarian bounce, too many shorts in higher & covering which propped it
GS kissed the lower 50ma like it was scripted from lower double top high
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