AAPL in range

AAPL is in the range right now. Going above 450 is a good buy. It may test 420 support. IT has been in this range for sometime now. Some catalyst is needed to break the monotone.

FSLR gap down

FSLR gaped down and it is now below 50 which has become the resistance. Here is what I thought about the next support testing on FSLR around 45 and if that breaks to about 40.
Above 50 this is good.

This is what I said yday - http://agaptrader.blogspot.com/2013/06/fslr-gap.html

ROST below range

ROST was in range for a long time and I liked it going above 66. That did not happen and now it has fallen below 64 to close at 63.5.
It will be interesting to see what happens tomorrow, if if flips back into the range like it did 4 days back. Support now is at 62 and at 200 day moving avg at 60.8

Here are my other analysis on this:
http://agaptrader.blogspot.com/2013/05/rost-still-in-range_31.html

LULU short

I did not play it, just noticed the chart was so nicely formed that I thought I will put it here to show you the 5 min short play. This pattern has a very high probability of working. The 1st bar is a good nice red bar on 5 min, then there are few bars that pull in to the lower half of the 1st bar, then it starts to go down, short such patterns and enter full size, with stop over the smaller bars high. Exits on the whole numbers and protect your position.
Memorize this pattern and if you see it play it.

ULTA play

Though I called ULTA correctly, I played it wrong. But it was difficult to play it intraday due to the overlapping bars. The bars on 5 min are not neat and is all over the place. THe 1st bar was too big and there was no follow up. My strategy is to play the 1st 5 min high. This never happened and I tried the pullback play which did not yield much result as well.
This is how I called it yesterday - http://agaptrader.blogspot.com/2013/06/ulta-earnings.html

CTSH swing

I like CTSH above 67, Right now it is on the range on daily. It has good support at 63, one can buy small size at this level and play the bottom of the support bar. It is still below the 200 day ma and the 20/40 moving avg is not good.
This is not an ideal play but is playable purely based on support at 63, expecting some bounce there.

PEP swing

Pepsico is not following what Coke did. This one held the 80 support level and went higher. The moving avg has come together and we will have to watch if this was a lower high or it is a beginning of a higher trade. I did not play, here was my analysis that I had made earlier - http://agaptrader.blogspot.com/2013/05/pep-swing.html