Monday, June 7, 2010

No Apples

Out of AAPL at 257.15 for a small little profit after entering at 255.30 on Friday. Lost out a bit; AAPL was up to 259.15 earlier, but I waited out another swing up and it wasn't going to happen. Lack of buyers, serious bulls. I broke even on the two trades held over the weekend. Back to 100% cash.

AAPL continued down to 256.86, but has rallied back up to 258. Market went from green to red and is now back in the green. Interesting. No lethal news out there right now. No great news either. We could be in a narrow range all day.

UNG hovering around 8.20, barely up for the day, but the majority of nat gas plays I'm watching are up modestly. GDP is up 5.45%, then its REXX up 2.59%. CHK is up 2.70% and WPRT is down -1.28%.

VXX is down 1.57% to 30.81 after running to 31.41 briefly.

Can't say this is any kind of bounce, but the bleeding has been stopped for the time being.

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