Wednesday, October 13, 2010

Today's Trades: AAPL, DZZ, RIMM, SPY

Here are charts of the trades I made today. Note that I consider the shorts are early "speculative" trades until there is a confirmation candle.

SPY (short)--hitting the bottom of the $118-120 resistance range. Stochastic overbought at 89. Will add more close to $120.

RIMM (long)--breaking ot of triangle after remounting 50 day moving average.

Gold (short via inverse ETF DZZ, using GLD chart to show from long perspective)--extended. much more so than previous runnups.

AAPL (short)-- extended. overbought stochastic at +90 reading. RSI divergence.

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