Wednesday, March 20, 2013

AAPL + Emini S&P, GOOG and GS

AAPL: We got the intraday reversal as expected and the bulls managed to close above $448 consecutively for two days straight. Now, it is the time to wait for final price confirmation on intermediate trades. See charts:





E-mini S&P Futures: Same thesis, choppy market until Fed. Waiting for price confirmation.



GOOG: Risk off, too choppy action and closed below 20EMA hourly. Waiting for better signals/price confirmations



GS: If market tanks, this stock has a nice bearish setup. We're keeping a close key on this baby




Edit 8:58AM, added second GS chart