Stock, Option and Futures Trading
LVS,AAPL and CRM are still looking good. The only one of concern at this point is CRM because it expires this month and CRM has been sideways the last two days. If we get some follow through tomorrow we should see a nice move on the options.
The 11,600 on the DOW was the symmetry support and that level has held and we are now approaching the 12,300 highs. The markets are still vulnerable for a decline down to 11,800 because the pullbacks up to this point have been minor. The fact that 11,600 is symmetry makes it enough to get through the 12,300 high and beyond.
Like we have said the markets can short squeeze from a level that seems overbought and it looks like we are setting up for that if there is any strength tomorrow.
If you are interested in day trading www.ScalpingTheMarkets.com is having a Webinar this Thursday. To register go to the site and click “Free Registration- Training Module1.0” then once you have registered on the site on the left hand side you can sign up for the Webinar. There will be a discount coupon for the traders who attend the Webinar. If you cannot attend the Webinar but would like to join as part of the Webinar group email them at firstname.lastname@example.org