May 9, 2012

Charts of Interest - $SPY $QQQ $DIA $CMG $AAPL $PCLN

           If you take a look at the SPY we've been in a range from about 134.50ish to about at 142. The distance being about 7.5 points. If you measure the move to the down side that puts us back in the 128 area, where we broke out in January. Coincidentally, the 200d simple moving average falls inline at 127.84.
           Same hold true for the QQQ and DIA.
             The three shorts I am looking at are AAPL, CMG and PCLN with notes on the charts. H&S in CMG, a descending triangle in AAPL, and a double top in PCLN.