Stay With Your Plan

Last week, the market has been making consecutive new high and one should not be surprise to see a pullback after last week’s performance. Although the market is long overdue for a typical correction in the range of 8-10%, but it doesn't seem likely to happen soon. When a pullback does appear, expect it to be shallow(shadow) and brief. Furthermore, expect to hear those market top callers telling us the market has topped. But as any experienced market watcher would tell you, the recent market behavior is nothing near a market top. This does not mean a top might not be near, but the recent market high is not a top.

MOMO Stocks & More

In this video we will take a look at these MOMO stocks: AAPL, NFLX, FB, AMZN, TWTR, TSLA, GOOGL & LNKD. In addition, a follow up on some recently mentioned stocks and a look at some stocks that could be setting up to make a move up in the coming week: CREE, WLT, ANR, JPM, GS, BAC, EBAY & TGT.

Market And The Casino

The market continues to make new high and different sectors are being awaken. In this video, we will take a look at the market along with these casino stocks: MGM, LVS, WYNN, BYI & IGT.

Market Could Be High On Drug

The market continues to rotate as it grinds higher, and it appears to be rotating back to some of the recent battered biotech and big pharma stocks. Here are some of these stocks that are showing sign they are setting up to move higher.

Consolidating Today's Charts - 7/2/2014

Here are the charts I have posted during today's trading session.

Stock Watch - 6/29/2014

Here are some stocks to watch for possible swing long in the coming week: HIMX, ONNN, AZO, ORLY, GES, TIF, JCP, MCD, GTAT, CREE, GRPN, ZNGA & ANGI.

Referrals

Here are few stocks that were recently referred to me by a fellow trader @Thundersforever: VVUS, LIVE & PPC. They exhibit possible swing long setup that could be set in motion in the coming days.

MOMO Stocks Outlook - 6/28/2014

In this video, we will take a look at these MOMO stocks: AAPL, NFLX, FB, AMZN, TWTR, TSLA, GOOGL & LNKD.

Not Much Has Changed

The market continues to frustrate those that are looking for that elusive 10% pullback. Whenever the market does a pullback to shake some of the weak longs, the talking heads come out and calling the beginning of their long awaited 10% correction. I'm sure one day they will get it right when those that are market watchers have sensed the top has been made and starting their exit. In the meantime, not much has changed. The market continues to present many good setup, but one must not forget to trade defensively and manage the risk.

Quick Glance At The Market

A look at the indices to see where might be the next level of resistance and support.

Consolidating Today's Charts

For those that might have missed some of the charts I have posted on twitter throughout the day, here is a recap. You can also see my tweets in the window on the right.

Another Pullback

Here we are again, in the midst of another pullback. In this video we will review today's price actions and review some of the stocks in our watch list and some new additions to monitor for future price move.

Stocks & Market Watch - 6/22/2014

Here is a look at some of the stocks that might be on the move in the coming days, and a review of the market.

Worth Mentioning

Here are some additional stocks that are worth a mentioning of possible upside.

Stock Watch - 6/20/2014

Here are some stocks to watch for the coming days: BBRY, GOOGL, AOL, KBH, TOL, PHM.

BBRY Earnings Watch

Updated note: I was reminded BBRY earnings report is due tomorrow morning before the market open. I will attempt to close my remaining position in pre-market. (mental error!)


Tomorrow after the market close, BBRY will report its quarterly earnings. The recent price actions suggest it might move to the upside. But with any news driven event, price movement could be volatile; especially on earnings report.

Mixed Bag Day

Today the market chopped around a few times throughout the day. When the close came, the market ends up closing on a slightly up tick. Here is a look at the market and some of the MOMO stocks, and the stocks that were mentioned in the weekend 'stock watch' video.

Stock Watch - 6/15/2014

Here are some stocks that could present some swing long opportunities in the coming week. BRCD, P CHKP VJET, XONE, XLNX, CREE, MGM, AMGN.

After A Spooky Day

Tomorrow is Friday the 13th and also weekly OpEx day. Here is a look at some price levels for the SPY, AAPL, and NFLX after a spooky day. In addition, a look at FSLR for a possible long trade.

Stock Watch - 6/11/2014

Here are some stocks that could be setting up for possible swing long.

Stock Watch - 6/10/2014

Here is a brief look at the market and some stocks.

MOMO Stocks Update - 6/8/2014

A brief update on AAPL, NFLX, AMZN, FB, GOOGL, TSLA, TWTR along with BBRY and JCP.

How Did We Get Here

Last week, the market shifted back into gear and put up consecutive new all time high for the DJIA, DJT, and the SP500, while the Nasdaq 100 put up consecutive new multi-year high. Although the Russell 2000 failed to put up any new high, it did reverse its recent downtrend by putting up a higher high and higher low price pattern. The market breadth also show some improvement with the advance/decline rising and the new high/new low expanding. Does this mean the market is back on a long term uptrend? Before trying to answer that question, let’s first look back to see how we got here.

A Follow Up

The video I have posted on the Memorial Day weekend sort of gave us some ideas on what to look for from the recent market move, and here is a follow up on that video.

Staying With The Trend

This week the market gave us some clarity on the direction it is intend to move in the near term, and that direction is up.

Quick Glance Before The Open - 6/6/2014

Today is job report and weekly OpEx day. Furthermore, after today AAPL will split 7-for-1. If AAPL pin is near 650 that will put the post split price at the low 90s which makes it much more psychologically attractive to new retail AAPL buyers.

Today's Observations - 6/5/2014

Here are some of my observations tweeted on twitter today. You can follow me on twitter by clicking the twitter follow button.

A Ho-Hum Day

After a dip & recover day on Monday, today the SPY, DIA & QQQ printed an inside narrow bar candle. The IWM again was the weakest with a long spinning top candle. All in all, no major damage to the indices, and mostly it was a boring, ho-hum day. This could be the quiet before the storm.

Don’t Get Emotional

Look at the following charts for the SPY, DIA, QQQ and the IWM. All of them printed a hangman type candle today except the IWM.

Preparing For Possible Pullback

After a strong up move last week, a pullback is not out of the question for the coming week. There are many major news driven events next week that can cause volatility to increase. There is the widely watched job report on Friday, the ECB rate decision on Thursday, and AAPL WWDC starting on Monday.

Fear Is Notching Up

The fear meter goes up a notch every time the market moves higher. There are fears from those believing they will miss this move if they don’t get on board now and from those that fear how badly this will end.

MOMO Stock Update

Here is an updated review for the following MOMO stocks: AAPL, NFLX, GOOGL, AMZN, FB, TWTR, CELG & TSLA.

Changing Move

The market is making another surge to new high territory. While the SP500 and the Dow Jones Transportation made a new all time high last Friday, the Dow Jones Industrial is still some distance away from its previous all time high. Currently, the large cap market such as the SP500 is getting near the neutral area and the small cap still leaning on the bearish zone.

The State Of The Market(s)

After the SP500 made a new all time closing high at 1897.45 with a small shooting star candle and followed with the formation of an even star candle pattern, it finished the week nearly unchanged with an inside bar candle. The key support level for the SP500 to hold is 1848.38. If it continues its rebound that started in the last two hours of trading on Friday, then the resistance it needs to overcome is 1897.45.

Trade Preparation

In order to avoid reacting to price movement during the trading session and prevent us from making impulsive trade, we need to be prepared with various trading parameters and/or patterns to watch for initiating potential trade.

Another Trade Setup - 5/14/2014

Here is another day trade on NFLX using a slightly different candlestick pattern.

Trading Lesson - 5/13/2014

Here is a video describing one of the candle stick pattern I use for day trading. In this video, the trade on IWM and NFLX based on this setup are discussed.

Stock Watch - 5/11/2014

Monitoring for possible short term bounce off recent support from these stocks: AAPL, NFLX, GOOGL, AMZN, FB, TWTR & TSLA. These bounce might or might not lead to a sustainable trend. Until the respective pivot level is broken, one should remain cautious.

Stock Market Outlook - 5/11/2014

The market continues to send out mixed messages. The DJIA closed at a new all time high on Friday, while all the other major market indices failed to follow. Lot of debates around the divergence between the large cap/value stocks and the small cap/growth stocks. Until the market send us a clear signal on its direction, it would be prudent to keep our positions light and tight. Again, cash is a position and the sideline might not be a bad place to be while we wait for the message from the market.

MOMO Stocks & Index ETF Review - 5/7/2014

A brief look at the price actions for the SPY, IWM, QQQ, AAPL, NFLX, GOOGL, AMZN, FB, TWTR, TSLA & FEYE.

Thread Carefully

If you believe the large cap & value stocks lead the market because this time it is different, then the tech and small cap stocks in the Nasdaq and in the Russell 2000 look to be a bargin. Otherwise, thread carefully in the value space. Eventually, there is no place to hide. Take a look at the following weekly charts.

Three To Watch

Here are three stocks worth watching for possible swing long.

Multiple Time Frame TA Review On AAPL - 5/3/2014

In this video, a technical analysis review on AAPL will be presented. We will look at some possible price targets and near term setups for possible swing long entry.

Market Continues To Diverge

The market continues to split between the large cap/value stocks and the small cap/growth stocks. Although the Russell 2000 show a mimic of relative strength today, but don’t let this deceive you. Here is the chart of the NYSE advance/decline vs. the SP500.

What Does This Mean?

For those that have been following me either on Twitter, YouTube or on my blog, you have read and/or heard from me that the market will not top out until the DJIA has topped. Today, the DJIA finally closed at a new all time high of 16,580.84. Does this mean the market has topped?

Back To Trading - 4/29/2014

Now these high beta stocks such as AAPL, NFLX, AMZN, FB, TWTR have reported their earnings, one can start looking for trade setup once again. Here is a look at the price actions and possible price level to monitor.

Click here to view the video if you do not see a video player on your screen.

Stocks On The Watch - 4/27/2014

The market continues to retreat while the earnings report from those notable tech stocks and social media stocks continue to be released. So far, the only stock that popped to the upside after its earnings report is AAPL with most others just bounce and then sold off. Next week, there are more high beta stocks and social media stocks scheduled to release their earnings, and looking at their price actions the outcome might be just the same no matter what the earnings result will be reported. It is hard to change a prevailing market sentiment after it has changed. This revised downward earnings reporting quarter is definitely not the catalyst that will change the current sentiment, it appears to reinforce it.

Market Outlook - 4/26/2014

The market continues to chop around with a general tone toward the negative end. The high flyers in the Nasdaq and the Russell 2000 are being clobbered while the value stocks window is closing. Unless some catalyst come along to change the current sentiment, this current downtrend could accelerate.

Post Earnings Review - 4/24/2014

A post earnings review on AAPL, NFLX, FB & AMZN along with a review of the market & TWTR.

Click here to view the video if you do not see a video player on your screen.

AAPL Announced More Than A Blow Out Earnings!

The long awaited earnings report from AAPL finally arrived. Not only did AAPL delivered a blowout EPS and revenue due to strong IPhone sales, but a surprise announcement of a 7 for 1 stock split, increase in dividend, and an additional $30B of stock buyback lifted the stock price more than 8% during after hour trading.

Earnings, Earnings

Two widely watched stocks are scheduled to report their quarterly earnings after the market close tomorrow, AAPL & FB. An update on the price levels where the market is pricing in for these stocks is presented in this video along with an update on the market and post earnings review on NFLX.

click here to view the video if you do not see a video player on your screen.

Earnings Watch - 4/20/2014

In this video, we will take a pre-earnings look at NFLX, AAPL & FB.

Click here to view the video if you do not see a video player on your screen.

Am I Crazy?

After having many stocks lose 20% or more in the recent weeks, and the DJIA loss slightly more than 546 points in 6 days, am I crazy to say the DJIA could be getting ready to make another attempt to close with a new all time high. Absolutely not, but of course I could be wrong. However, I will not be surprise to hear others echoing what I just said after they have start noticing what I will present to support my hypothesis.

Same Play, Different Inning - 4/15/2014

The market essentially did the same thing as what it did in the previous trading session. It rally a bit, then sold off, and recoup its losses and close near the high of the day. The difference is the rally happened at a different time. Yesterday it was 40 minutes before the close, and today it was slightly after 1:00pm EST.

Short Covering Or Reversal?

The market stayed in the green throughout the morning. It started to fade in the afternoon and hit bottom going into the last hour of trading. In the last 40 minutes of trading, the market reversed and rally back up near the high of the day with fairly descent volume. Is this a short covering rally or the end of the recent pull back? Once again, we will wait for the market to inform us by watching its price actions.

Earnings & MOMO Stocks Watch - 4/13/2014

Earnings report will kick in for some of the MOMO stocks next week. Some of the notable stocks scheduled to report earnings are: YHOO, GOOGL, SNDK & CMG.

Spooky Round Numbers

Last Friday, the market was trying to hold its ground and trying to stay in the green throughout the day until the late afternoon. As the market headed toward the close, the bottom fell off and the entire market sold off once again. The price actions pretty much play out to a scenario we have discussed in the previous video. Now for next week, the key levels to watch are those psychological round number levels. For the DJIA, the round number is 16,000, 1800 for the SP500, 1100 for the Russell 2000, and the 4000 for the Nasdaq Composite.

Shipping It Out

Recently, the high beta tech and the biotech stocks have been taken down. As the market continues to retreat, look for different sectors being taken down. Here are couple shipping stocks that appears to be in the initial phase of rolling over; FDX & UPS.

Back On Course

After yesterday's huge upside move, we posed the question on whether this is a dead cat bounce or a reversal of the recent pull back. Since no one has a crystal ball to tell the future, we simply remind ourselves to watch today's price actions for answer to our question. And based on the price action, the answer appears to be a resounding "dead cat bounce". The broad market sell off today clearly put it back on course for more downward move.

Exceeded Expectation

The second day of this dead cat bounce exceeded expectation. After the release of the FOMC minutes, the market rallied through the resistance level and put in a stellar performance. It even rally into the close with a gain of slightly more than one percent.

Dead Cat Bounce - 4/8/2014

Today the market bounced just as we suspect it might. Lot of the recently battered high beta momentum stocks led the bounce. Is today's bounce a dead cat bounce or another buy-the-dip opportunity? Instead of expressing our opinion, lets wait and see what tomorrow will bring. If there is no upside follow through with conviction within the next couple days, then we should be prepared for further downward move.

Looking For A Bounce

The market continues its downward slide today. But the price actions might have reached a point where a short term dead cat bounce might be in the offering within the next day or two.

Stocks On The Watch - 4/6/2014

Here is a look at some of the stocks by request and some high beta stocks that have experienced huge price changes in the recent weeks.

Where To?

Since the beginning of 2014, the market has been choppy. As the pullback occurs more frequently and more swiftly, it can only mean one or two things. Either the market is simply consolidating the enormous gains from 2013 or the market is in the final phase of a multi-year up trend.

Still On Course

The SP500 made another new all time closing high today. Although it made this historical record high all by itself, but the DJ Industrials only less than 50 points away from its all time closing high. The Nasdaq 100 and the Russell 2000 participated in today’s market rally, but their current level is still some distance from their previous high. The market breadth is mixed. Therefore, until we see the DJIA makes a new all time high, the market still on course to where it is destine to be, wherever that maybe. In the meantime, be selective and defensive, and don’t extend yourself too far away from the chair. You do not want to be the one standing when the music stops.

Fertilizer Stocks

The fertilizer stocks are showing sign of moving higher.

Recap For 3/26/2014

Here is a video on the market along with some of the stocks that were mentioned in the recent days.

Click here to view the video if you do not see a video player on your screen.

Stay The Course

The market continues to be on course toward its destination. For those that have been through bull/bear market cycle, then the course the market takes to reach its destination should be familiar.

Whether the recent shift to what some categorize them as ‘value’ stocks is the turn the market take to get to the top or not, only time will tell. But, as interests grow on stocks such as IBM, CAT, MMM, and others stable, high quality stocks, one must ask if this is the flight to quality?

Shifting

The market remains near the all time high territory while some of the recent high flyers starting to give way. Many that have been benefiting from this prolong market run up feel they are invincible. This is typical in a market that has gone so far without a major shakeout and near the climax phase.

Looking At Things

Do you always look at things as they are, or you look at things at what you (consciously or subconsciously) like to see?

No Surprises

The result from the vote in Crimea was to rejoin Russia. There was no major violence breakout in Ukraine and the US & EU sanction is not a backbreaker to Putin. Therefore, the market re-positions itself back to where it was prior to this Crimea uncertainty. The market still cannot find a reason to sell off other than headlines that cause these minor couple percentage dips.

Wait And See

As the Crimea vote approaches, the market brace itself by pulling back to avoid the possible onslaught of reactive selling. There shouldn’t be a big surprise the outcome of the vote is to join Russia. The uncertainty is not on what will be the voting result, but it is on what will happen after the vote. Will there be uprising internally between the Ukrainians and the pro-Russia backers in Ukraine? Will this uprising be an excuse for Russia to invade Ukraine and permanently station its troops inside of Crimea? These are the uncertainties that the market is pondering. What will be the consequence on the global market when the US and EU impose sanction on Russia (if they do carry out their bluff.) But in regardless what is going to take place, the market doesn’t appear to be in the 10-15% corrective mode that many of those market top callers been waiting for. Certainly the mood can change from the ‘wait and see’ to ‘sell everything then question later’ if some unexpected event occurs. But until there are signs that the market is in a full retreat, the market will continue to move higher from these minor dips until all those non-believers capitulate and buy this market at all cost.

No Letting Up

Today the market sold off and it appears to be more scary that it was. Looking at the 30 minutes intraday chart for the SP500 ETF, SPY, and you could see the reason why it feels that way. It essentially went down shortly after the open and there was no letting up along the way. It is down, down, down continuously. Similar for the DJIA ETF, DIA (click here to see the chart). So where is the market heading?

Morning Earnings Call

Tomorrow morning, some of the widely watched stocks will report their earnings before the market open. Here is a look at some price targets based on the options market pricing for HZNP, GOGO, and PLUG.

Taking Advantage

As the market continues to pull back, wait for the market to tell you it is safe to re-enter longs. Do not try to take advantage of this pull back by being a hero and go bargain hunting. The bargains you find could turn out to be a much better bargain if the pull back turns into a major correction.

Stocks Pulled Back

Last Thursday, many stocks that have run up show some sign of upside exhaustion. Therefore, today's pull back/consolidation on many of those stocks should not be unexpected or surprising. The market ended down modestly. Although there are stocks making extraordinary gains such as those in the fuel cell sector and the biotech sector, one should not get into an emotional chase mode after these price move. More importantly, don't be greedy if you caught one of those trades.

Stocks To Watch - 3/10/2014

Although the market appears to be setting up for a pull back, but there are still stocks with good setup for possible long. Here are three stocks; MMM, GE, and HK that might be worthwhile keeping an eye on for potential upside breakout.

The Long & The Short On AAPL

Recently, AAPL has not been an easy stock to put on any kind of swing trade. It was easy to trade when it was in a trend. When it is chopping around like it has been recently, it could be very frustrating.

Setting Up

After a huge run up since last Monday sell off, the market appears to be setting up for another pull back to digest the recent gains. Lot of stocks were showing short term upside exhaustion on Thursday. The prudent thing to do is to set the stops to protect the profits and prevent turning a winning trade into a losing trade. The market has not indicated it has made a top yet. Therefore, one should not be tempted to short this market when the pull back materializes.

Too Much Too Fast

Today the market opened with some strength but unable to really build on that opening strength. Similarly with many stocks, lot of them pulled back from their high of the day (HOD) and many of them even went below their opening price. It appears the recent run up is too much and too fast, and that made it very tempting for those that bought it at lower prices to take profits.

Stock Watch - 3/5/2014

Here is a brief update of the price actions for MS, GS, BAC, GM, F, MU, HIMX, BBRY, JCP, AMD, YHOO, HPQ, AAPL, AMZN, FB, TWTR.

Expect The Unexpected

Once again, the market reminded us to expect the unexpected. When the Russia and Ukraine conflict flared up last Friday, everyone was expecting the market to sell off big time when trading resume this week.

Stocks On The Watch - 3/2/2014

In the following video, a review of the price actions for NQ along with a look at possible swing long for MS, GS, GM & F.

Stock Watch -3/1/2014

The market ended the month of February with a new all time high for the SP500. A geo-political conflict is flaring up in Ukraine, and that could put a damper to the recent rally. By no means is this market indicating it is ready to roll over. There are still many stocks displaying good setup for possible further upside. Below are the charts for some of these stocks that might be of interest to keep an eye on for the coming days.

A Volatile Friday

We were expecting a volatile Friday due to OpEx, but this afternoon sell off is a bit more than the typical OpEx pinning price action. But we should not be surprise to expect some consolidation before the market put in a newer high. In this video, we will take a brief look at recent price action and some of the price support levels to watch if the market decides to pull back to consolidate the recent gains.

Market Made A New High Minus The DJIA

Today the SP500 and the Russell 2000 made a new all time high, and the Nasdaq 100 made another multi-year high. Although the DJIA was absent from this new high party, but the signs are telling us it is not a matter of 'if' but a matter of 'when' the DJIA will make a new all time high. For this reason, focus should be placed on the next new all time high from the DJIA. And the key things to pay attention to are the market breadth and the participation of the other market indices making new high along with the DJIA. Until then, continue to trade on the long side with cautions.

Is A Squeeze Coming?

It appears BBRY has been getting some positive market response ever since the $19B FB purchase of WhatsApp. Previously, no matter what the news are for BBRY, the consensus is “too little, too late.”

The Music Plays On

Just as suspected, the market pulled back and gave up some gains from previous trading session. The SP500 closed down couple points but still remain near new high territory. It will be interesting to see if the market will put in a new high before the end of this trading week when the month of February will come of an end.

Keep Watching AAPL - 2/24/2014

If you are trend trading or position trading AAPL, the big picture said it is still in an intermediate uptrend until it breaks below 493.55. Just keep watching.

Close But No Cigar

The market started the new trading week with a bang. The SP500 took off to the all time high territory but failed to close with a new high. The tech sector Nasdaq continues its upward march and closed with another new multi-year high. The Russell 2000 finally caught up with the other indices and only a few points away from its all time high. The DJIA was the weakest link. Although it closed up more than 100 points, but it is still nearly 370 points away from its all time high.

Gold And 3D Printers - 2/23/2014

The precious metals have been rallying from their recent bottom, and they appear to be setting up for further upside. The 3D printer segment got hit fairly hard during the recent pull back and now it appears to be making a comeback.

The Market Snapped Back

The market continues to show strength on the upside. By taking a step back and looking at the weekly price action for the indices, one could see the hammer like candles printed from the recent pull back. The hammer candles highlighted how quickly this market has snapped back. The Nasdaq 100 made another new multi-year high last week, while the DJIA, SP500 and the Russell 2000 are near their all time high. Until this market shows a clear sign of a top, one should continue to trade the price and let the talking heads make a fool out of themselves by trying to call the top. The fact is we won’t know the top is made until after it has been made. Continue to trade defensively and manage your risks.

The Hype Goes On

This is beginning to look like deja vu. Paying ridiculous stratosphere valuation to acquire a company and the puppets trying to put on a straight face to tell their story how a stock can justify more than 130 multiples. If you are old enough, you probably have an image of those bygone dot com bubble days in 1999-2000. Who say history doesn’t repeat itself, here we go again. For those that were lucky enough to have survived the tech bubble, let see if you can capitalize from the experience.

Stocks And Market Watch - 2/17/2014

The market continues its rebound from recent pull back, and it is getting near to its all time high.

In this video, we will take a look at some of the possible levels to keep an eye on for the market indices and for the following stocks: AAPL, FB, GOOG, GS, BAC BBRY, MU, AMD, HPQ, and gold ETF GLD.

Stocks And Market Outlook - 2/11/2014

The market continues its bounce off the recent pull back. Although volume is still relatively low and that cast some doubts on the validity of this rally to many market participants. When these disbelievers throw up their hands and chase the move is when the market will likely be making an attempt to take out the previous all time high.

Changes Are Coming

As speculative spirit getting into high gear chasing those speculative hot stocks; low price biotech and China IPOs, the market continues it progression toward its topping phase. As the trend of the market changes, so will the macro picture.

Stock Market Outlook - 2/9/2014

The market started to bounce back from the recent pull back in mid week. In this video, we will look at some of the price levels to monitor for the coming week for the market indices' ETF, SPY, DIA, QQQ & IWM.

Stocks And Market Watch - 2/6/2014

The market finally bounced with some strength today. In this video, we will take a look at the price action for the SP500, DJIA, BAC, FB, BBRY & MU.

Different Tactic For A Volatile Market

The month of February started where January left off, ‘down’. Today the DJIA loss more than 300 points while the SP500 down little bit over 40 points. Almost every talking heads and many market participants are anticipating more downside for the market. Not to dispute that possibility, but as one know from experience, whenever the majority is leaning on one side expect the opposite to occur. The market rarely does what is obvious. Since it is so obvious to many that this market is going down, expect the unexpected! Not saying one should go against the trend and go long. Instead, be defensive and move to the sideline if one does not have to trade. Wait until the market has found support level and formed a base before resuming to the long side. In this volatile market, only quick and day trade stand a chance to survive. Be cautious, trade defensively.

In this video, a review of the SP500 and a trade review on AOL.

Where To For AAPL

After an eventful week for AAPL due to its quarterly earnings report, a reassessment on its technical is warranted. In this video, a look at some of the possible price action and key levels to monitor in the coming week.