The Fluid Trader

The stock got hammered yesterday at the end of session as with most of the markets.  Today AAPL recovered quite nicely and continued its ascent.  Our target price is 181 and the close was at 180.  If things go well, tomorrow will be the day that we reach the mark.  So let’s keep watching!

The selloff yesterday was short lived as we thought.  The uptrend that formed on April 25 continues and we pretty much saw the selloff of yesterday “filled” at around 10:30AM or so.  We saw a continuation and a little more volume that the days past.  The bulls won the battle for sure today!

Pivot Points and Price Targets (Supports and Resistance) for Friday, 05/02/08, for QQQQ to look out for:

• Pivot Point = 48.21
• Support Level 1 = 47.70.  Support Level 2 = 46.71
• Resistance Level 1 = 49.20.  Resistance Level 2 = 49.71

Let’s see if the uptrends continues tomorrow!