Big gap today in markets so most of our fave names will gap too. Remember to trade against a certain level of your liking and use stops...
SPX We are going to gap up today and probably run this week. Recent highs of 1439 and 1448 are first resistance areas to watch. If we get above 1448 then we have to start thinking about 1460 level again. I expect more headline driven market to start this year with debt ceiling being next big topic in DC...but for this week I think we squeeze higher and at least test the recent highs.
AAPL Squeeze... Okay we held 500 3 different times in the end of 2012... Now I expect some good money to move back into AAPL here this week. As I type this AAPL is gapping up +$15 right now. First level to watch is 550 and over that my first target is the 50 SMA just under 560. 560 is possible today imo.
AMZN What you wanna call this chart... Potential cup/handle, Potential Inverse H/S... Either way we test 260 SOON imo. Over 10 SMA at 254 and 260s my target.
BIDU Beaten down badly... This is very simple to me, above 102.50 I like this to test 105 fairly quick. If we get above the 105-106 level we may see a test of 100 SMA at 108.
COST Above 100 we could rip to recent highs... On watch
LNKD Wants higher. Been following this stock closely for a while now... Very simple, need a close above 116 and we can go much higher.
YHOO Another one I've been watching close lately. Above 10 SMA and she could keep going. Sick run end of year 2012... I love this stock in 2013.
Others on Watch: BAC JPM GS NFLX HD