4-17-12 Game Plan – AAPL LNKD INTC IBM JPM GS AMZN SINA GOOG

gameplan

 

 

Stocks started the day on the right foot and then weakened significantly. We put in our low around an hour in to the session and recovered a lot of the losses. BTFD looked to be in full swing until we topped 2 hrs before the close and fell from there.

GOOG, LNKD, AAPL, PCLN… all got hammered today. I personally did ok, sold my JPM and SPY calls near the top, still holding LNKD $110 calls, IBM calls, AMZN SINA calls to name a few.

Futures are down a hair as I type.

What do I see for tomorrow? As I've said many times I am a big bear. We are screwed long term and I will have a post about it at some point the next week or two....

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Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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