It would be safer to trade until 12pm EDT today as FOMC members will speak after 12:30pm & there should be more volatility near end of the day/week
A pullback happened yesterday as we expected
S&P 500 should trade within the range of 1720-1730 today but it's not confirmed yet until we see market movement
Look to buy S&P 500 @ 1720 & sell @ 1730 for 30 minutes expiration
Remember yesterday when we said that "Apple should stay above 470 & reach 473-475 today if it wants a strong bullish pattern for the next few days"
It did & stayed @ 475 for a long time, but dropped at the end of the day, showing that Apple is not quite strong yet
But Apple's new iPhones are on sale now & its sales are estimated to hit a record of 6 million
This helped strengthen Apple & it should be reaching 480 today but 480 might be too high for now
Look to buy Apple @ 475 or 480 (higher risk) if it stays above, for end of day expiration
Apple also normally posts opening-weekend sales figure on Monday
Look forward to trading Apple on Monday too
Google released digital wallet app for iPhones
But Google still looks weak as it broke below 900 yesterday
Look to buy Google @ 900 if it breaks & stays above 900, for 30 minutes expiration
Facebook reached 46.0 resistance yesterday, watch & see if it has the strength to stay above today
Facebook is also upgraded to "outperform" by analysts
Look to buy FB if it rebounds & stays above 46.0
Look to sell FB if it drops below 46.0 & fails to rebound
Risk: No significant news to help push FB into a direction & FB might just stay around 46.0
McDonald's reached 98.0 yesterday, watch & see if it has the strength to stay above today
Look to sell McD if it drops below 98.0 & fails to rebound
Look to buy McD if it rebounds & stays above 98.0
Risk: No significant news to help push McD into a direction & McD might just stay around 98.0
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