It's about time I put up a new post. It's been over 3 months since my last one so I figured, eh, what the heck. As far as the markets go, volatility is the name of the game.
Apple (AAPL) released earnings today, their stock shooting up over 11 points after hours. Apple was hovering at a 52 week low near $78. It is now trading above $90. Several traders were using the $80 level as support. If Apple traded below this barrier for a couple days then that would have been a signal to start shorting the stock. Amazing what earnings can do.
IBM reported really good earnings last night. Their stock shot up over 11% today. Other tech notables doing well today are Google (GOOG) and Research in Motion (RIMM).
Momentum Trader Report: 05/04/09
8 hours ago
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