APTI Bullish Pop Out Of The Box
APTI has broken out of a Bullish Pop Out of The Box and now testing support. APTI has been trending then started to consolidate on March 8. The Bullish engulf on March 14 saw a little pop but no follow through. The following days drifted down to the $29.00 area (support) Yesterday’s candle opened near support and closed above the March 14 Bullish Engulf. The chart appears to have enough buyers to create follow through.
We will any discuss our trades in detail during our Members Morning Prep starting at 8:45 AM Est. With Steve Risner and Rick Saddler at 9:10 am this morning. members morning briefing
Recently closed
VXX 6% • CAT 39% • TWTR 50% • FEYE 28% • OCN 39% • TWTR 54% • QQQ 28% • QQQ 179% • TWTR 180% • VXX 375% VIPS 118% • WTW 21.9% •
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SPY Update
The Strong Bull move yesterday will likely bring more buyers in today reaching for the next goal. The next goal would be about $269.00. A close over $269.00 today or tomorrow would put price above the 50% line of 3/13 high and the 3/23 low. From there the daily 50-SMA could be challenged.
The VXX short-term futures
VXX close yesterday above the downtrend line and should not be dismissed just yet.
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