Daily Market Analysis Blueprint 1/28/14

Gm Charts Ready refresh all…. ** AAPL key support 497-505 for a rebound 515-520-528 that being said I am waiting for the DTZ monthly to close to find the perfect support..I still have my 505-510 2 contacts put spreads and will keep even tested i have 57 days. If you can shoot around 475-497 for strong support. I see this as a buying opp I told you yesterday pro look where it hurts most and this was already discounted . know the Option Volatility  will drop and the best will be  directional in 2-3 days when all the the vol air is gone form the options premium..I really love debit spreads lately it really protects you since you have both legs you do not get kill as much as a straight directional.

**WITH FOMC TOMORROW 2pm and Earnings expect the SPY to be the best to trade small sizes same as yesterday 1771 is the line for a long rebound to 1799-1807..Ultimately around the 1815-1820 area shorts will try again.

** Keep an eye on GOOGLE it touched yesterday full pro tools dtz 1082 and now the round number 1100 is key

** CMG is weak FYI I had a debit spread and looking to reshort if going back up 494-515

Bottom line if we hold 1771 and 1779 area be careful being short they may rebound…

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Instead of today’s Chart Blast we will be doing a Live Event on How To Become a Consistent Trader at 8pm est. We only do these events two to three times a year.

Make sure you register now at the link below and sign-in tomorrow 7.45pm est the event so it will be packed – that’s why we are giving you advance notice!

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1-28-2014 2-02-13 PM

 

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