Thursday, July 22, 2010

Green

We are into another nice bounce here resistance levels on the DIA and SPY are still in play.


I won't be around to post again til the weekend.

Wednesday, July 21, 2010

ADBE

ADBE is looking interesting, however in a big selloff it would follow also.

Wed

The futures are showing some more movement to the upside, I think the market moves a bit higher , and then we'll see some profit taking, lets hope it's light so we can consolidate a bit. Resistance on the DIA is about @ 104.00 SPY is 110.00

Tuesday, July 20, 2010

Possible strategy for today

Playing a weak open for a bounce appears to be a possible daytrade strategy today. Take profits quickly.

Monday, July 19, 2010

Monday am

The market is a bit jumpy here today, it's just trying to remind us that we should keep our timeframes short.


It's earnings season check for releases before jumping into a good looking trade setup.

Covered Apple

Took a small profit on Apple covered @ 243.49 +4.58


Well I didn't want to hold AAPL through earnings.

Sunday, July 18, 2010

Sunday's Opinion

My early Sunday take on next week's trading methodology will be a sell the rips type mindset for faster trades and buy the dips for slower more dangerous trades.

Rapid Trader reserves the right to change market strategy at any moment. Depending on market behavior.