5/21 Swing Trade Idea: Apple
Apple Inc. (NASD: AAPL) looks like an inverse h&s pattern forming with the neckline about 465-466. MACD has a positive divergence. The stock closed above its 20day and 50day moving averages today. I will buy on a close over the neckline or on a pullback to 420-425 as long as 419 supports. Pattern has 80 point depth (385-465) so tack 80 onto 465 for 545 profit target. I would take half off around 504-505 (gap fill)
5/21 Watch List
Back from vacation.. went a little longer than planned but I took advantage of it and had a good time. Wow the solars are still crazy. Some nice setups for tomorrow..
Fannie Mae (OTCBB: FNMA) long watch over 1.60 or weak open for 1.60 push
Freddie Mac (OTCBB: FMCC) watch with FNMA
You’re In The Wrong Section
I was in Macy’s looking for some bed linens to go with my new bed. I was in the section for 700-1000 thread count linen sets. For the first time I was investing in my bed – a place I spend a third of my day. I was used to sheets and pillow cases from Walmart or Target. The difference is amazing. You definitely get what you pay for.
A middle aged couple was browsing in the same area I was. As they walked by I heard the guy mumble “you’re in the wrong section” under his breath. His wife chuckles and they keep walking. Motherfucker! I was pissed. How dare this guy insult me when he doesn’t know a damn thing about me. I had just closed a solid deal and had a knot of cash in my pocket.
I look at the situation differently now. The guy had issues with himself not me. He said what he did because of his own personal problems. I’m glad I kept my cool and did not retaliate with words or actions. A person’s actions are caused by their mind, body and soul. Do not get offended by anything another person says or does. It’s their problem, not yours.
Needless to say, they kept walking into the mall. I guess they didn’t need new linens. I bought some and never looked back.
-ME
5/10 Watch List
Torm A/S (NASD: TRMD) short watch.. this stock is way overbought.. looking for a parabolic or crack of support and fade.. impressive volume last few days so don’t fight trend
Solazyme Inc. (NASD: SZYM) long on AM weakness for red/green or over 9.90
