Charts… AAPL, JPM and PWR
Here are a few stocks that I am interested getting long, but waiting for the right moment:
AAPL - Looks to want to break down further to around 145. Some protection is merited here via selling calls on a position or purchasing puts. I also will be looking to play the Oct 140 calls around 145.
JPM - Around 36 looks to be an interesting entry point if entry at 30 was not taken as I pointed out before. I will be playing the common at 36 for the pop. If the pop is not seen, I am willing to hold it.
PWR - As stated earlier, I will add (to the common) at 29. The weekly indicates the 20 SMA (within the weekly) is acting as support withing the current movement. After this set of consolidation, the 34 resistance will mostlikely be broken upward.
