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JasonGordon
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My passion is trading stocks. I am a student of the markets just like you. Follow me as I learn new things and analyze the markets. http://www.swing-high.com
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  • Post Market Analysis, Tuesday October 20, 2009 0 comments
    Oct 21, 2009 12:07 AM | about stocks: AAPL, YHOO, SPY, ZHNE, UPRO

    We finished down today which is not too shocking. Between yesterday’s close and today’s close we had mixed economic data as well as mixed earnings which understandably led the markets to the downside. As I mentioned in Monday’s Post Market Analysis, Apple (APPL) crushed earnings. Today AAPL held up nicely around the $200 mark, but notably under it. Yahoo (YHOO) just reported earnings and it beat expectations. YHOO is popping a little after hours.

    Despite the down day, we are still holding up above last Wednesday’s gap with no real test of that gap yet. The SPY is making a high base formation on the daily. These are bullish and break out to the upside more often than to the downside. It is important to note that the VIX dropped 2.75% today. This is a big deal because the VIX gave a very bullish reading while the market dropped. The VIX says the market should have popped by almost a full percentage point. Remember, the VIX (or volatility index) is our fear indicator and we like to see it move 3x the opposite direction of the markets.

    I did take one trade today. I went long ZHNE because it broke out of the symmetrical triangle/bullish pennant formation that I love so much on convincing volume. I also want to note that I have been long the SPY with UPRO for about a week now and will remain long SPY as long as it holds up in the high base formation and does not test last Wednesday’s gap up.

    Thanks for being part of Swing-High.com. Remember to always trade with a stop loss and manage your risk appropriately

    Themes: VIX, TICK, TRIN, earnings, estimates, economic reports Stocks: AAPL, YHOO, SPY, ZHNE, UPRO
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  • nice sell off on the major indexes $SPY, $DIA, $IWM, $QQQ, $XLF. Entered long positions in $FAZ, $EDZ, and $TZA throughout the morning
    Nov 12, 2009
  • put an order in to pick up some $fas at $70.17... will probably hold it for this up leg if there is one
    Nov 4, 2009
  • the vix should have support at 30 now... $TICK, $TRIN, and $VIX all behaving slightly bearish today after a bullish open
    Nov 2, 2009
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