多空交戰

The market continue to slip despite of some good earning reports from companies such as aapl, brcm, amgn, etc.. The Dow Jones index was down 514.45(5.69%) closed at 8519.21, Nasdaq was down 80.93 closed at 1615.75, S&P500 was down 58.27 closed at 896.78.
The investors are still worried about the global and US economic slowdown and recession; the two days decline had already wiped out the gain on Monday and the trend is still going down.

I thought AAPL was a short target ; even though today's outstanding earning report, the price is still under the 10 days EMA. After a while, I realized that it is one of the few companies which closed higher today, it is stronger than most of other companies. That means , I would able to find a weaker company for the short target, not aapl...

The other reason for my view of bearish is the political issue: the presidential election next month. The poll shows that Obama has 10% more support than his opponent. The situation is very tough right now for whomever win the election. And I view the young senator, may take longer to get familiar with the issues in front of him...

Today's Trade:
Shorted AAPL: $96.24