Consolidation day for AAPL...

Today was a slow and boring day for AAPL. Nothing happened beside a fake out breakout around 2:30pm. My day ended around 11:00am today and went off for a awesome bike ride out on the local trails. It was a beautiful day out and didn't want to miss the opportunity. 

Well tomorrow I am looking for nice move to breakout in any direction up or down. Just looking for that breakout. Looking for a move above $594.54 and setting my buy trigger at $594.60 for a breakout high. Also looking for a move below $587.40 and setting my short trigger at 587.30 for a breakout low. I may go for a $2.00 price target based on the inside day candle today. 

Till tomorrow, happy trading!!!

Monday Breakout with Apple by my side.

I went for a good AAPL trade today with a solid move above the prior day's high. Entered the trade with lots of volume to follow and easily made my target within the first 5 minutes. Not, to bad for a day's work. I am sticking with my breakout trades. They seem to work more then any other method for me. They are the easiest to spot. The one thing that makes them work so well is, sticking to stocks you know and understand.

Till next time traders, Happy Trading!!!

Still sitting out...

Apple pushed up pretty strong yesterday. Closing at a price of $594.09, and with a push up pretty fast. I am looking for a pullback as the price has reached Over Bought conditions.

Today it has backed of and is in selling mode right now. Sitting at the top with a doji. I want to see price drop back tomorrow. I have a sell position in now only looking for a $1 move down to play it safe.

If price drops back tomorrow, I will be adding into a Put position for the rest of the week.

Well traders, it has been an exciting couple of days for Apple after they announced earnings. Just play it safe right now until price gives you a better signal. There is a large gap now and gaps like to get filled.

Good luck and Happy Trading!!!

Sitting Out trading day after AAPL earnings report...

Today is a day to sit back and go do something more important. I am a avid Apple trader and this security is the only thing I seem to trade on a daily basis.

After a great earnings report, the price jumped about 40 points after hours and stayed in the $568 territory till open the next morning. When that happens, I will stay out and not play the market that day. There is just to much emotion with the stock and it could be very dangerous.

I am looking to set up for tomorrow after close for a break above the highs of today. It is a doji or dragonfly candle today and has a bias to the upside. What I see is that the price will fall back tomorrow since traders and investors will like to take profits. Then price could bounce higher next week, as being Friday tomorrow with the weekly option expiring. It would be wise to wait for a entry next week. If you are a investor, this could be a good time to set up options for the next quarter. I am looking to make a buy if the stock pulls back a little, and buy options about 4 months out.

Good Luck Traders.... Till next time...

Great day trading Apple...

Busy day of Buying...

Wow, there hasn't been a day like this for a while now. Where the markets are just flying and stocks are following suit. A lot of my alerts to buy stocks today went off at 6:30am this morning till around 7:30am (Pacific Time PST).  It was like gold falling from the sky's today. OK, OK, it was a great day for trading. There, I'm done...

Now I got into a lot of good trades today. Some were (MTB) (XOM) (HBAN) (FISV) (AMZN) (IR) (AAPL) and (FDX) just to name a few. Sold my (SPY) today for a nice profit taking opportunity from hold on to it from last week. Profit target hit on (AET) I was swing trading from last week Thursday. I got stopped out on my (NFLX) trade going short, you win some, you loss some right...

All in All, this week is going to be packed with economic info that may impact the market a little.

1. Tuesday: Consumer Confidence (Consensus 80.0 / Previous 80.7)
2. Wednesday: New Home Sales (Consensus 0.410M / Previous 0.414M)
3. Thursday: Durable Goods Orders (Consensus -0.5% / Previous -4.3%)

                Initial Jobless Claims
                Continuing Jobless Claims
                Fed's Yellen Speech

1. Friday: Gross Domestic Products (Consensus 2.7% / Previous 3.2%)

            GDP Price index (Consensus 1.3% / Previous 2.0%)
            Personal Consumption Expenditures Prices (Consensus 0.7% / Previous 1.9%)


Here is some charts I am still swing trading to my target.

SPY Trade 2-18-2014 LONG...

Well I am going for a long position attacking SPY. This may be a chasing trade, which I am not fond of, but I will give it a shot. I think we could see new highs.  The way the price dropped and then came back so strong it's giving me the indication that traders and investors are coming back after being chased away. The price should hit some kind of resistance around $184.90. If traders and investors continue buying we could easily break through that recent resistance and head higher. Let's hope that is the case...

Here is my Options layout:
(SPY) Mar 14 187.00 CALL / 1 Contract / Swing Position
Buy: $1.25
Stop: $182.63
Target: $187.79