Do Turkey Rallys Have Legs?

Inverse head & shoulders setting up on the DOW, it’s possible we could still see higher levels. But, at the same time that area acts as resistance.

Just something to look out for:

…on low volume of course. The real test comes on Monday after the holidays. Going into the week I was long, and still am long, the following names:

C, UYG, & YGE

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Long term positions include:

NOV, WTI, AAPL, GOOG, CLNE (recent purchase)

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Note: LM squeezing shorts at the moment.

Mr. Bill Miller was downgraded today, read details here.

Surprisingly the stock held up well today. I may short this one tomorrow with a stop above $16.57.

Today I made two trades in AAPL, the first was not profitable, the second was. The difference was waiting for the setup. 

I will try to review my trades in the future to help newbies see what I look for. Here’s a review of my 2nd trade in AAPL:

(5 min. candlestick chart)

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Patience is key as a trader. Had I waited for the setup to come to me, I could have avoided a loss in my first trade.

Just another reminder to wait for your setup.

Holding support.

I’m looking to get long here. Apple Inc. [[AAPL]] looks good, higher lows intaday.

Get your firepower ready, I bet we close green today.

I sold salesforce.com, inc. [[CRM]] @ 26.62

looking to sell Research In Motion Limited (USA) [[RIMM]] by the end of day.

Holding Yingli Green Energy Hold. Co. Ltd. (ADR) [[YGE]] here.