A.M. Look 10/05/11

Here we are, right back to where this game started Monday. The macro numbers have not changed. A re-test of 2180 in the NASD is possible.

AAPL was a huge hold, which was then followed by upside reversals and outside upside reversals patterns in most of the Big Cap leaders we follow for our Risk ON Portfolio.

The ADP # is out early today. Early price action should tell us whether the worst is over for the downside ( do we hold an early break and rally?) or is this another rally to nowhere ( we see a big spike up that fails to hold on the next break?) Trade your technical levels.

Euro is trying to hold… 133.85-134 is the upside pivot which is still resistance.

Some investors e-mailed me they bought AAPL in the 350’s Use a closing stop just below 353.

Model Trading Portfolio…Current Holdings

No Positions

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