AAPL - While I will always maintain a position until 420-430 is seen, I will look to enter a trading position on a decline. Since I think the bullish uptrend has already started, any decline should be short lived and shallow. I am looking for the 390 area, but probably near the 5SMA.
AXP - Hopefully it consolidates near 47ish.
IBM - Looks to wanna test 175. But if it does not, it may move to 168. If it moves to 175 first, then the support become the 172 level.
BAC - Its hovering on its SMA. Still looking for it to test mid 6, then will enter.
GOOG - With the tech up move, Google should never see 400 again. (It never should have to begin with.) I am looking for the 530 area.
QCOM - I am expecting a break out, and have positioned myself for such a move. Although there was hints of stress on Friday. If we do not get a break out, QCOM may chill near the 52 area.
SU - I am letting oil (the WTI) tell me when to enter SU. Right now the WTI looks uncertain. It can go to the 92 level or the 82 level. If it sees 82, SU may decline in sympathy, and I will enter Jan options around the price it is trading.
Also, just a note on BGCP and ITRI. I have not sold either of these names, since the market's massive declines. The reasons: BGCP yields almost 11%, so I do not mind waiting. Although it may see resistance near 7.50 area, and may sell the position I added during this market decline. (But will still be in the name.)
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