Wednesday, August 14, 2013
So Close...
Disappointingly, AAPL failed to close above $500 and also failed to close above its daily 50% Fib level of $498.825... As it turns out, if I hadn't taken profits a few minutes too early on the $505s, I would be better off right now in terms of profits.
Amidst high volatility on AAPL, I decided to hold on for one more day to see if there's further momentum to the upside later in the week. I'll have to move fast tomorrow as the Naked Call Sellers may strike at any moment. They could disguise themselves as calendar spread buyers and vertical spread buyers too. So the higher strike out of the money calls are potentially vulnerable.
9FM and I have started flirting again and it sounds like he indeed wants to fill my wallet (grinning from ear to ear). We spent almost 15 minutes talking on the phone last night and I'm feeling kind of excited (grinning from ear to ear some more). Somehow, the world seems rosier today as I daydream about putting my financial fate in his strong hands.
-2.26% SBA
+1.71% Roth IRA
-0.73% DJIA
-0.41% Nasdaq
-0.52% S&P
-0.37% FTSE
+0.27% Eurofirst
+1.32% Nikkei
-0.29% Shanghai
+0.72% SENSEX
+0.13% WTI
+0.45% Brent
+0.89% Gold
+0.65% Copper
+2.25% Corn
+0.40% GBP/USD
+0.45% EUR/GBP
-0.81% DJT
+5.93% VIX
-0.11% 10-Year US Treasury Notes
34% Advancing Issues on NYSE | 42% Up Volume
63% Declining Issues on NYSE | 56% Down Volume
3% Unchanged | 2% Unchanged
39% Advancing Issues on Nasdaq | 47% Up Volume
55% Declining Issues on Nasdaq | 51% Down Volume
6% Unchanged | 2% Unchanged
Today's Major Headlines:
Cooperman Adds To Sprint, AAPL
State of emergency declared as forces storm Cairo protest camps
Ex-JPMorgan traders charged in $6B loss
India to add 50,000 troops to China border
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