Lately, it seems to be the norm for my portfolio to whip around as it ultimately heads lower. The last time I felt this way was during the broad market correction that began in September 2012. I managed to come out on top due to a turkey day recovery. I played the small caps through December, and then went into some bigger names headlined by the Fly. I have yet to scale out of this market, and I’m paying a high price for it. But I think I will let it ride out while raising cash when bounces arrive. Click here for my current positions and charts on Finviz.
The most talked about piece of news from today is the plunge of Apple to the all-important $400.00 mark. I highlighted the potential for it to reach this level in my post a couple of days ago. I’m not considering buying any of it until after earnings. The risk of being apple sauced is too damn high. The chart is below. 
Multiple scenarios could play out, but given the current volume levels, I suspect there might not be too much time for consolidation. It’s going to do one of two things. Bounce off that trendline, or breakdown beneath it. For the Apple bulls, I believe the biggest milestone to break is the 50 day moving average.
I have one more chart I would like to mention. The markets could tank or rip tomorrow, but I think this is trading in its own world. Check out TASR. The PPT has registered it as oversold, and a bounce is very probable. Given the technical setup, the potential is even higher.
It’s worth a look for a day or even swing trade. If you want to hold it longer, a key level is that rising support line. It dipped earlier today and was bought up into the close.
