November 16, 2012
Thursday was another brutal day for the market, but prime for day traders. Lots of volatility mid-day created MANY actionable set-ups, several of which we had on here last night (ADT, FSLR, NFLX, to name a few).
Things to note for tomorrow - SPY didn't close well enough to be bullish into tomorrow, but a gap down and fill would be VERY bullish leading into next week. WE have had 3 gap up and fades this week, which is getting old - stay on your toes.
AAPL is the same old, same old - watch for a reversal.
NFLX - Bull flag looking to POP and get thru 82 with authority.
XME - Into support at $40, watch for an intra-day reversal there.
LNKD - Waiting for its breakout day, keep it on our watch list. If it gaps down, trade it against today's low long as it has shown relative strength all week.
Check below for more charts! Let me know if you have any questions/comments!
Things to note for tomorrow - SPY didn't close well enough to be bullish into tomorrow, but a gap down and fill would be VERY bullish leading into next week. WE have had 3 gap up and fades this week, which is getting old - stay on your toes.
AAPL is the same old, same old - watch for a reversal.
NFLX - Bull flag looking to POP and get thru 82 with authority.
XME - Into support at $40, watch for an intra-day reversal there.
LNKD - Waiting for its breakout day, keep it on our watch list. If it gaps down, trade it against today's low long as it has shown relative strength all week.
Check below for more charts! Let me know if you have any questions/comments!