06 July 2011

Apple (AAPL) has a succession of lower highs.

I took some notes on the Apple chart over the weekend. Notice the downward trendline showing a succession of lower highs.

And look what happened today. AAPL continued its rise to the trendline. Will this trendline prevail?

22 June 2011

LNKD Going Lower

LinkedIn is in a very nice descending trend channel. I picked up some puts at the 70-strike near today's highs, a.k.a. near the top of the channel. It'd be nice for LNKD to continue on its trend into the 50's.