Daily Market Analysis Blueprint 02/21/14
GM Key Es 1834 area support below game over resistance 1845-1856
WATCH THE CRUDE FOR CLUE WE HAVE A 60mn DTZ resistance and HEAD AND SHOULDER IN PLACE…
BE stock specific see if AAPl rejects 533-540 again to 528-522
PCLN be cautious this one will be crazy and VOLATILITY WILL CRUSH THIS AM….
USE ES NUMBERS ABOVE TO TRADE SPY AND KEEP AN EYE ON THE DOW AND NQ have a great week end.
*** PCLN will follow the overall tone of the market it is a crazy dangerous stock and volatility will get out of the premium for the next 3 days…OTM smallest size EG 1 contract if you want to gamble here are the supp and resistanc eon PCLN: 1332-1318-1304-1287-1259-1243
Play small sizes on expiration day today.
Also be careful of entering positions close to the Housing report at 10 am est
Have a great weekend!
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