I kind of expected that the market will bounce back a bit, but I am surprised that SP500 actually made and closed at new high, so it looks like that so called "kiss-and-goodbye" rebound may not be true. The market is become really unpredictable at this stage, probably should be very very selective when open any positions.
1. AAPL: S1 on top, entry zone 91.6-92, stop just above 92.1, IT=MA10=90. It has been under distribution for 4 straight days now. Consider overnight short position if it closes below 89.5 with a bearish candle.
2. AEOS: speculative S1 on top, entry zone 48.8-49.5, stop just above 50, IT=45. I tend to believe that the top is in for most retailers.
3. BIDU: CTT between 108 and 116.5 use tight stops.
4. DVN: L1 on bottom, entry zone 71.4-72.3, stop just below 71.4.
5. ERTS: S2 on top if it spikes towards 57.8, stop just above 58.
6. ESRX: L2 on pullback, entry zone 68.6-69.4, stop just below 68, IT=MA200=73.4.
7. FMCN: CTT between 67.5-71/73 use tight stops, bias on the long side.
8. LRCX: speculative S2 on top if it spikes towards 56, stop just above 57, IT=MA50=50.2.
9.RACK: S2 on top if it spikes towards 36, stop just above 36.2, IT=MA50=32.4.
10. TIBX: watch key resistance around 9.7.
Refer the follow stocks to their weekly calls.
AMZN, ANF, BRCM, TIF
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