Yesterday, I got stopped out of AAPL. AAPL is consolidating and I will not look to get long again until it closes above 510. On there other side, AAPL could be a good potential bearish opportunity if it crosses below 500.
I opened calls in GOOG and the S&P yesterday after the FOMC Minutes. GOOG is looking like a perfect bullish cross opportunity. The market reacted wildly to the FOMC minutes, first selling off, then rallying, then selling off into the close. Currently futures are higher after the good economic data from Europe and China. My target for the S&P is 1665 and for GOOG is 890. I will set my stops at a point which I will not lose any capital. The market is extremely oversold and I would expect a small bounce at the least and a brief relief rally. The market has been sold hard into the close the past few days so today will be interesting to see what the market does.