I have been selling extended stocks and buying some fresh breakouts the last two weeks.
For long only guys, today is not good. Me included. But, what a run we have had. We need this. Let’s face it, it has been too easy.
Even with the gigantic selloff, not much damage – other than Google and BIDU. The big reversals though are worth noting.
Gold and Oil stocks are pretty flat.
Now for the important stuff – Apple rumors galore today!
First – The Beatles going exclusively with iTunes? Makes sense to me. They better before they are forgotten :)
Second – An Apple Tablet Coming Soon. Color me Viagra’d :) .
What a freight train coming from Apple.