Tuesday, October 19, 2010

WTF market

Crazy action yesterday with flash crash of SPY, down to 106, not sure what was going on. I still like the market though it does bring more fear in. My guess is AAPL move down about 20 after hours was buyable for a few day swing. I made some nice fast money on BIDU on similar reaction, held for maybe an hour after buying premarket when it took out the post market lows.

One of the issues I bought had a clear breakout, it is one to look to add to. The others are mixed but not broken.

Election year, 3rd year of president helps me to be bullish though the charts tell the stronger story.

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