Thursday, April 23, 2009

Hot on Stocktwits: AAPL and SPY

AAPL is one on nearly everybodies watchlist for today. September's gap has closed on yesterday's high which makes above the high an interesting stop placement for a short. I've made a YourCall for a move down to $90.75 / Stop at $125.51.


The SPY has enjoyrd a nice reversal of the October-March decline. While it may not have the legs to make it to $105.53 on its current run it may be able to mount something more substantial as it works off overbought conditions.


Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.
 
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