Follow Mark On

Buy Mark's Book

and learn to day trade well using his decades of experience.

Buy Mark's Time

and get personalized instruction to do your best.

Trade Like Mark

by using the Hi-Tech mechanical trading system.

Learn From Mark

at his online trader training program.

Best Trade Ideas for 2/13/12

Monday, 13 February 2012 05:28

In the pre-market there have not been a lot of great setups for today but the broad markets are on an R4 breakout buy signal. I will be looking for pullbacks into support for long entries and most likely preparing for lower risk trades, which means more scalping.

AAPL is taking off pre-market and with an RSI that will be near 90 at the open clearly this stock is in need of a pullback or at least a flat lining. With the latter more unlikely as the volatility spikes in this name, there is no great support level to look for on the daily.

Watch bank names with the news out from Greece and watch the "Bin Laden" spike high of 1373.50 as potential resistance. The market continues to look like the best place to put money and stocks are truly proving that this morning.