I know yesterday I said the market seemed like it wants to go up, well it did. Now given the after hours moves from a positive Intel earnings, I think it’s now time to head lower. The hourly charts are overbought and ready to turn and tomorrow mornings gap up will set up perfectly to enter shorts.
Trade Idea
Short anything that moves! I will be looking at big cap technology names, specifically Apple (Nasdaq: AAPL).
Trade Review
Morgan Stanley (NYSE: MS) opened up and I got the morning shake out but I still got in too early. Because of this I was left in the stock all day in a sideways trading market. I finally got out in the afternoon for a tiny loss.
Discussion
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