Big win for the bulls

The bulls kicked ass today on this reversal. The opportunity today was plentiful and we are kicking ourselves by not being more aggressive in our own picks.

Here are the support longs from our newsletter last night -- out of all of them only one closed lower. The arrows were the buy spots:

Review of some of the leader stocks

We wrote a while back that on next dip we'd focus more on tech and less on commodities. Well, we're here now and here is what we're watching:

We wrote last night to watch the 20/100 SMA on AAPL as a tell -- today it cratered through. Technically nothing to do here in this stock in no-mans-land and we'll be avoiding.



We'll be looking to buy reversals in CREE at 61 and 60.



We'll be looking to buy CMI reversal near 53



BRCM has decent support near 29.5 -- we'd buy a reversal on that area



CTXS slow but 43 support might be worth a trade.



We like FFIV on 52 support



GS was a buy on our newsletter from 158 to 160 target. Today stock rallied from 158 to 160 and then reversed sharply. Currently in no-man's land until bottom of bear flag just under 154.



We like RIMM 72 break-out a lot but don't have enough confidence to buy support in the stock. We'll leave alone until stock shows strength through 72.



VMW we have alert near 46.5 for a support buy on reversal.



This is the first time we can remember GOOG not responding to a market rally. Stock has flat-lined and we have no interest in the name right now.

Today's triggers

Decent day from newsletter as we got off a long and two shorts:

GS we wrote could be good for 2 points through 158 (160 resistance). Only regret is not shorting it through 160 failure.



WLT set up base and break 78 for daily short at 77.6



BUCY we had short at 62 which worked well.




We're flat now and going through charts -- coming up we'll post the charts of some of the leader stocks with possible support points.