AAPL - Closed really weak today and it now appears that AAPL might finally fill in the gap it left in Jan of 2012. Right around 428 is where the gap is still open from. Not saying its gonna happen tomorrow, just saying that the short setup is there. AAPL gap down on earnings, and failed to retrace any of the gap down which is a sign that we should head lower. Looking to play the 440 puts tomorrow and need to see AAPL stay under 445.50ish
NFLX - Should break out above its nice flag formation tomorrow. Notice that it traded sideways holding onto its earnings gap which means it should lead to higher highs. Also today the 8ma touched the candle and acted as a strong push upwards closing up 6%. Would think that 185-190 is not out of question for this week.
SPY - Closed under its 8ma today and with the VIX closing very strong I think that this is a good time to get short some SPY and target the low 148s for a nice pullback to its 20ma. I will look to grab some 150 puts, as the VIX rises and SPY drops we can expect the premium to also rise nice on ITM puts.
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