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Wednesday 28 August 2013

Stocks & trading signals to watch- Apple, JPM, S&P 500

Apple plans to open a store in Tokyo
JPM former trader arrested for falsifying bank records to cover up a $6 billion loss
US government authorities are seeking another $6 billion from JPM to settle lawsuits of falsely claiming loans
Both stocks are slightly down

Look to sell JPM when market opens for end of day expiration (or wait & see if it rebounds to 51.0 & drops to be safer)
JPM might try to rebound at 50.00, sell JPM again if it drops below, fails to rebound & drops further
Risky to buy Apple when stocks are going down but we can buy it if stocks rebound & uptrend is strong
Look to sell S&P 500 when market opens for end of day expiration (or wait & see if it rebounds to 1640 & drops to be safer)

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