Another boring day for tech and the Nasdaq. After the first hour, I couldn't find any really suitable trade setups. Both AAPL and PALM were on last night's bullish focus list. The AAPL entry was an upside break of the narrow pre-market trading range (low risk). We had a little shakeout in the 5 minutes pre-ceding the open. I love when this happens. Better before the open than after the open. AAPL was very strong up until 10:30 when the Q's took a quick turn down. The balance was stopped out well before lunch.
PALM's pre-market high lined up nicely with yesterday's high so I placed a buy stop order just above the high. I locked in 50 % profit as the stock weakened shortly after 10:00 and was stopped out on the balance.
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