Top 10 List Review

[youtube:http://www.youtube.com/watch?v=X18eStAR8yc&fmt=18 620 500]

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Every week I will put up a top 10 video list where we will concentrate on 10 stocks as a community. We will help each other look for breakouts as well as breakdowns. At the end of the week, we will review the trades to find the ideal entry and exit points. We’ll call this trading 101.

We will keep it simple at first, then move into advance strategies where we look at the MACD, RSI, ect.

2009, will be the year of video blogs from The Cajun. Go easy on my accent, hope you guys enjoy.

Note: Give me your best chart, leave symbol in comment section.

Constanza Trade & Rule 52.

Update: Sold @ 12.44

I added to my position in FXP @ 43.60

Update: Out of today’s position @ 45.10

Tomorrow will be interesting. Today we had a turnaround from the lows, INTC moves higher in after hours, Bush gives his farewell speech, and it’s options expiration.

We have another stock from the top ten list which appears to be breaking out, RIMM. The stock traded & closed above $49 today, watch for continued strength tomorrow. Alpha already got a head start, which makes me like the trade a little more.

More consolidation for Woodshedder’s old fav, GIGM. The Stock looks poised to breakout on any strength.

Recent education IPO, LOPE.

We are near a support level in the S&P, I would not be surprised to see a bounce here. Does this mean I want to get long? Absolutely not.

AAPL is sitting right at support around $85. You could get long with a stop right below $85, OR you could get short with a break below $85.

I am not making a move on AAPL today, just wanted to highlight the setup.