Monday, April 23, 2012
1360 Buy Zone
We are in a strong area of support around 1360 and the risk reward for buying stocks right now for a swing trade is excellent. I am adding long exposure into the gap down, expecting a move back to last week's highs ahead of Apple earnings on Tuesday afternoon and the FOMC meeting on Wednesday. European scarecrows have beaten down the market, Americans will gobble up the discounted shares quickly.
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1 comment:
it is post expiration hangover. but there is no guarantee that party is coming back after the hangover.
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