Watch For The Bounce

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.

SRS & FXP here.

I’ve been highlighting the two all week, they still look good, even with new money.

S&P 500 Update:

A Cajun favorite, SIGM:

Woodshedder’s long lost brother, GIGM:

The Crackhead, GNK:

Blue’s sun, LDK (sitting on support)

AMZN caught a downgrade yesterday, and still has some room to fall.

BIDU gapped up this morning for whatever reason, but quickly retreated @ $120 (where you should have got short)

FXP still looking good.

GS Breakdown, I want to short it again on market weakness.

This one was not on video, but almost made the cut. LOPE, recent IPO, looking to breakout to new highs.

SHLD, watch for the gap fill, or watch for a breakout above $50

SRS pulled back right to our buy point and looks good here for those that missed it. Easy exit point if it goes against you.

S&P update:

Market setting up for a big drop: