[adzerk adTypes=”3731″ keywords=”jason-bond” utm_source=”wrbrbwad” utm_medium=”w” utm_campaign=”wadproductweb” utm_term=”JRDE” utm_content=”wwjbpnormhdis_jbp_header”]

19 Oct

Swing Trade Update For Wednesday October 19, 2011


This is swing trading, play the odds and assess daily, it’s the best job in the world! Right now it looks like we’ll start the day with mixed futures… the S&P 500 and DOW slightly higher, the NASDAQ off by -10 points after Apple disappointed Wall Street.

Yesterday’s alert on GLUU at $3.10 was based on a number of active catalysts including good news out of Europe, a bull market into close and my projection that Apple would hit leading all three indexes into a breakout above the top channel line. See yesterday’s Dow Jones Industrial Average video if you don’t know what I mean there.

This morning we can cross Apple off as a driver and it’s 5% drop certainly isn’t helping the NASDAQ. In addition, there are mixed reports coming out of Europe now, so that could weigh on us a bit too. It’s going to be a game time decision on what to do with GLUU. Positives include Intel and Yahoo impressed and GLUU is set to report earnings on November 3rd, so I expect it to runup before then.

Support on GLUU is at $2.90 or $.20 off entry, resistance is at $3.18 and $3.45. I’ll send a text and email immediately if I decide to sell for any reason. If we don’t score GLUU today, we will get it before earnings, that’s for sure.

[adzerk adTypes=”2733″ keywords=”jason-bond” utm_source=”wrbrbwad” utm_medium=”w” utm_campaign=”wadproductweb” utm_term=”JRDE” utm_content=”wwjbpnormfdis_jbp_footer”]


Submit a Comment

Your email address will not be published. Required fields are marked *