After a short break from the markets (most of May and June), am slowly getting back into trading and doing small positions.
1. APWR- Long at $7.22 on 30/Jun, watched it bounce off $6.8 support (did not have a plan to add), and sold it on the 5/July opening pop at $7.7 (felt the upmove was a bit overdone).
Watched it close the previous gap, and queued to long again at $7.24 & $7.31 (currently holding). Will consider adding if it stays above $7.75.
2. RIMM - Watching. Looks like catching a falling knife, will consider going long if it clears and stays above $51-52 on high volume. Keeping a close watch on 45 mth low of $35, should form strong support. Will consider entering partial position if it comes close to $40, followed by more if it bouces off $35.
3. BP - Watching. Probably a bit overplayed, would like to see it retrace to $30-31 and reverse up, forming an inverse H&S.
3. C - Watching. Need a clean break of $4 on high volume.
On the bigger picture, everyone seems to think the S&P500 support of 1040 is crucial, and we have bounced back above it this week so far. As long as 1040-1050 holds, will continue to hold long positions for equities.
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