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, February 5, 2013

AAPL, AMZN, GS, IWM, QQQ, SPX

FOR WEDNESDAY:
It is a day to be very careful. I believe the market will open and start moving higher or start with a gap up before reversing to the downside. My expectation is for a down day (but there is no reason why it can't be an up day, since I also have bullish looking charts). I base my expectation on what I believe is likely to take place for a few days (sideways) before the break higher.
So if a bullish play gets activated, be very careful it is not a bull fake out move. If there is ever a day bull plays get stopped out, tomorrow will be that day. I'm not comfortable with bull plays for tomorrow but I will do as the charts direct. Keep in mind that MY OPINION DOES NOT MATTER. So go with what I have on the charts.

NOTE:
If a bear play is activated but does not get to the target, the play can be held overnight with a likelihood of it getting there on Thursday before reversing higher.

AAPL-15MIN


AMZN-15MIN


GS-15MIN


IWM-15MIN


QQQ-15MIN


SPX-DAILY IV


SPX-DAILY III


SPX-DAILY II


SPX-DAILY I


SPX-30MIN


SPY-5MIN