Another volatile day where many names broke down but were able to reverse and close near their highs of the day. This has provided us with some nice setups for Thursday.
AAPL announced their new IPAD release which gave the stock some interesting action. Up then down with huge range extensions. -Short term it's a mystery where the stock will go but the huge volume on the up days looks favorable.
NEW STOCK SETUPS
We would look to enter the following stock when they break above the following levels. In this market any stock that triggers and is followed by a reversal lower we will look to close out right away. We are only interested in playing the stocks that work right away and will close the others. Be prepared in this market environment to have a large amount of volatility and an increase in the amount of trades that don't work.
ININ-Could be good for a quick trade on a move above 19.13
ID-Could be good for a quick trade on a move above 7.90. If trade reverses would close right away.
ISRG- Would buy on a move above 340.04. Use a tight stop since stock is very extended
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