CMG - CMG broke above the nice bull flag formation today but failed to close above it. However CMG did close at the highest level of 2013 and is just under its 200ma. Tomorrow CMG is looking like it will test and hopefully break its 200ma at 325ish. If we blast through 325 with power I think the next target is right around 335. CMG has been on a tear in 2013 ever since that big gap down on January 16th. Im currently in 330strike calls overnight
AAPL - Keep on watch for some big moves tomorrow. Tough to say which direction we are heading but tomorrow Tim Cook is expected to speak at a conference and it could really get AAPL moving to one side or another. Since topping out at 700 the 21ma has been a great get short place and today we closed right above the 21sma so I think many people are looking to short AAPL. However. AAPL did fill in the gap from its earnings and might have found a short term base at 435. I will be trading around todays HOD and LOD tomorrow.
AMZN - Nice bear flag setup going into today and it broke under its recent support of 260 and more importantly closed under it. The 100ma is right around 252 and thats where Im looking to ride the short down too.
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