This is swing trading, play the odds and assess daily, its the best job in the
world! Right now it looks like well start the day with mixed futures the S&P 500
and DOW slightly higher, the NASDAQ off by -10 points after Apple disappointed
Wall Street. Yesterdays alert on GLUU at $3.10 was based on a number of active
catalysts including good news out of Europe, a bull market into close and my
projection that Apple would hit leading all three indexes into a breakout above
the top channel line. See yesterdays Dow Jones Industrial Average video if you
dont know what I mean there . This morning we can cross Apple off as a driver
and its 5% drop certainly isnt helping the NASDAQ. In addition, there are mixed
reports coming out of Europe now, so that could weigh on us a bit too. Its going
to be a game time decision on what to do with GLUU. Positives include Intel and
Yahoo impressed and GLUU is set to report earnings on November 3rd, so I expect
it to runup before then. Support on GLUU is at $2.90 or $.20 off entry,
resistance is at $3.18 and $3.45. Ill send a text and email immediately if I
decide to sell for any reason. If we dont score GLUU today, we will get it
before earnings, thats for sure.
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