Market and Options Update

Well, it looks like the options are less now. If the market rebounds form here, you could play AMZN but I like AAPL better. And we might revisit RIMM at these lower levels. Yes Droid will hurt RIMM at the Verizon stores, but I don't think MOT can produce enough to hurt RIMM for this much loss in market cap at least not short term.

I am finding the daily swings harder to catch but sense the touch coming back. You can still buy the dips and sell the rips. I think the options have repriced now and you can find your entry level on various stocks and make money. The price of volatility got sucked out but it appears to be staying for now that we are getting away from earnings, and the fed reports this week and we have been rallying the last few times. We also have a ton of economic data and I expect them to confirm the economic rebound will build on itself over time.

Look for Apple to go back up with resistance at 192 and 199-202. There maybe some resistance mid-way in the 195-196 area but we have already tested it once. Maybe one more test before breaking through if you are a trader.