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Tuesday, September 6, 2011

intra-day update

Some of the intra-day trends look interesting, with some nice strength (in an aura of negativity). For instance, AAPL is leading in strength, but is about to test its 5min 90SMA negativity.  If it can't breach it right now, may lead to further intraday market weakness.

Just a trading note: I covered all my protection in the AM, and intr-traded POT on the long side.  I am still looking for short-term trades on the down side. (117 SPY Oct Puts.)

I am very tempted to add to my IBM and QCOM.

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