Enlarge any chart by clicking on it.

Unless otherwise specified, ALWAYS use the 15min chart to enter my recommended plays because
CONFIRMATION is a MUST. In other words, you need to see a 15min candlestick that CLOSES beyond
the entry point, then enter when it moves 10cents after the high/low of that candlestick.

Thursday, October 18, 2012

AAPL, GOOG, SPX

Look for the market to resume the upside tomorrow. We are likely to see a big up day (especially in tech).
Nasdaq led by GOOG and AAPL took a hit today after GOOG's premature earnings release in the middle of the trading day that sent shockwave through the market.
I expect to see a bounce in tech (Nasdaq, QQQ, AAPL, GOOG etc) that will lead the market higher.

Currently at 1457.42, look for a strong move up tomorrow and the days ahead on SPX if it moves >1462. But also pay close attention to my 5MIN chart.

AAPL-5MIN

GOOG-5MIN

SPX-DAILY IV

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN II

SPX-30MIN I

SPX-5MIN
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