Some Ideas on Light Holiday Trading
Dec 28th, 2009 | By Bella | Category: Mike Bellafiore's (Bella's) BlogsOk so the volume is light. GMan barked on the Open, “Volume is down 1/2.” Dovey said about the same just with some streets of Brooklyn color. On a day like today we must observe this different trading. But there were still some opportunities.
AJames made a great call in STEC as it made a new important technical high and rode it up a point. AAPL offered an Open worth playing. AIG above 32 finally worked, yet lacked the follow through needed for a huge chop. There was some opportunity in RIMM and IBM as evidenced by our leaderboard.
As I write I am in ESPN/trading mode. I will watch the markets as I brush up on my Yankee rumors. AIG will get my interest above 32.50. AAPL is worth watching above 113.50. STEC above 17.25 is worth a look. My alerts are set. But I am not willing to take on much risk until I see an excellent risk/reward opportunity.
There has been money to be made today. There might be some opportunities into the Close. But right now I am in defense mode, attempting to keep my profits from the Open, and forcing the market to show me an excellent risk/reward opportunity. Till then I will be reading about the Yankees LF situation.
Best of luck with your trading.
