July 21st update

Morning kids,

Not much to go on and on about so just an update, we had a hard reversal yesterday with 1050.75 being the low and then rallied up over 30 points! That's a really crazy hard reversal. So that means my 1116 /ES is still in play.  We have some resistance here this am at the 1085 1086 area, we are overbought on the hourly and on the MACD Histogram we have bearish divergence. The 4 hour is approaching overbought so either we turn today later or tomorrow most likely. Oh by the way we have 2 caspers to play out one is 109.87 and the other just came up this morning @ 106.89!!

Ben B is up today (yeek) and I imagine that we will most likely chop around till he speaks. There was a rumor floating yesterday that he might cut the discount rate, but that turned out to be false. So trade carefully. 

Apple beat and is up pre-market I got no trade off as I was out yesterday.  It is has room on  the dailies to run but is also running into some resistance at 262. Good trading to all 

Peace Love,
Anna 

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Hey Hobstas!

Good morning another winner for us for IBM.. We took the 125 puts yesterday in the lounge and should do pretty well today. I expect that they will try and bounce the market before the open and as I type there they go pushing it up to that 1057 area.They could even push it up to 1060 resistance.

Here is the chart of IBM and the reasons for the trade, I have a target longer term of 118, but will take off a few and play with the house's moooooooooooola!

Apple is out today after the bell and will decide on what to do intra-day. 

Good luck to all and good trading 

 Peace Love Anna