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.

Tuesday, January 29, 2013

AAPL, BIDU, DJT, GS, MOS, UTX, SPX, SPY

Tomorrow is FOMC Day. The 2-day FOMC Meeting Announcement is scheduled for 2:15pm EST. Any play made before the report is aggressive since SPX (and the market) tend to maintain the range made in the first 30mins of the day till after the report.
So we are likely to see it bouncing in a tight range (flat) till after the announcement, although everyone knows what Fed will do i.e keep rates the same, and seeing moderate growth but not at the pace Mr. Bernanke will like to see. As a result, they will keep doing what they have been doing to stimulate growth.

To make play tomorrow:
1. Conservative - enter after the report by having buy trigger in place if setup still intact, or
2. Aggressive (but my preference) - enter when it gets to entry point, but adjust stop loss just prior to the report in order to take advantage of the report.

AAPL-DAILY


AAPL-15MIN


BIDU-15MIN


DJT-DAILY


GS-15MIN


MOS-DAILY


UTX-DAILY


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN


SPY-5MIN
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