Morning Thoughts on September 28, 2010

Joe PalauJoe P's blog1 Comment

Good morning traders. Futures up slightly overnight have us opening near the 114.40 level in the SPY. I am starting to see signs of some exhaustion among some of the leading stocks, particularly AAPL which gave back its gains and closed right above is 60 min trendline at 291. My major tell in the market is going to be how the tech leaders act, they should always be on your screen. In terms of the SPY 114 will be a major pivot area.

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116

115

114.4

113.65

One Comment on “Morning Thoughts on September 28, 2010”

  1. How do you handle hft flash moves/crash like in aapl today. Do you get stopped out if long?

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