The Fluid Trader

An Individual’s View on the Markets

April 29th, 2008

AAPL Review

Hi all,

Its time to review Apple once again.  Price seems to continue moving upwards as commented about previously.  The session closed at 175.05 with lower than normal volume.  Remember, the target of this stock price is 181 which is only 6 dollars away!  Let’s continue to watch this!

April 29th, 2008

QQQQ Recap

The Q’s continue to creep upwards.  We saw a bear flag with the start of trading today to see prices dip a little.  That ended at 10:30 where we saw price stair stepping its way upwards for the remainder of the day.  There were plenty of buy signals throughout the whole day and it would have been a great opportunity for the Bulls to cash in!

Pivot Points and Price Targets (Supports and Resistance) for Wednesday, 04/30/08, for QQQQ to look out for:

  • Pivot Point = 47.47
  • Support Level 1 = 47.18.  Support Level 2 = 46.77
  • Resistance Level 1 = 47.88.  Resistance Level 2 = 48.17

Let’s see if the Q’s can continue this upward trend!

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