AAPL
Building on Friday's strength, a very bullish reversal off of the mid-morning lows, AAPL looks ready to move to the top of its downward channel in the area of $70.00. AAPL closed at $67.31 and has pivot points at $66.70 and $66.00. A retracement lower than $66.00 would negate the long trade setup. GRMN
GRMN is building momentum and appears poised to breakout here. Buy on a break of Friday's high. Notice that GRMN held its ground on Friday morning while the rest of the market tanked.
CNTF
CNTF is well positioned to retest its recent highs and in doing so will form a cup and handle. Buy on a break of Friday's high above $18.00. AMZN
The $GIN ( internet sector index) is sitting on support between two gaps. However, the heavy handed Barron's Google cover story has the potential to bring the whole sector down.
AMZN - Friday afternoon, it looked like AMZN was setting up to breakout of its narrow trading range to the upside. However, as noted above, the Barron's GOOG cover story could bring the whole sector down. Long above $39.00 and, more likely, short below $37.00.
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