Thursday, July 17, 2014

Expected & The Unexpected

Today the market was put into a frenzy once the news of a Malaysia Passenger Airliner was shot down over the Ukraine border. Although many traders were expecting a pullback of some sort, but most if not all of the traders did not expect the unexpected event occurred in Ukraine to drive this pullback into a sell off. Here is a look at today's price action and a look at some possible inflection point. In addition, we will look at potential long opportunities from these energy stocks: APA, CVX, EOG & WFT, and a brief look at AAPL, GOOGL and IBM.

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Disclosure: Long AAPL & CVX.



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