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Wednesday, December 1, 2010

Top Weekly Options for the remainder of the year.

AMZN

AAPL

GOOG

NFLX

When getting ready for your trading day, you will want to check the index futures as well as important economic news for the day. By knowing what direction the futures are moving, you can better gauge which direction to possibly trade.

SPY

QQQQ

If the 1 & 2 minutes charts base out and then start to head up, go long on the stock. After the stock gaps up with a spike in volume and the price hits a top, a trader would short as the 1 minute interval starts to roll over. Sometimes the stock will continue to move higher through the rest of day.