It broke cleanly through the 20dma, now seems to be having a reflexive bounce.  Given the pattern, do you like this for a short?

AAPL looking like it might bust through this morning's low.

Just to be clear, I was referring to UPL, not BTU.  I am trying to post a chart, but it's not taking for whatever reason.  anyway, 60 min chart bull flag, broke out on the 12:00 bar at $19.38 or so.

edit: chart's up now.

UPL broke out of the flag on good volume.

appears it was just a quick shot up and then right back down.  bit of a volume spike but nothing substantial.  I took my post down, didn't want anyone to do anything rash!

UPL looks like a bull flag on the 60 min.

What'ya thinkin' - low risk buy off support?

great charts, thanks.  I need to find something else to keep myself busy with come September!

looking forward to the results!  Thanks.

thx for the reminder; I'm out of CHK.

CHK working.

looks like it back tested, and is beginning to move up.  we'll see....  Lost a bit on this bugger earlier this month.

I have to leave for the day, but here's a trade I took on CHK.  15 min chart.  Probably will only hold for a day or two.

on SPY so far, the volume bars for the last four 5-min periods since 12:30 show somewhat higher volume for the first two candles (both red), and lower volume for the 12:40 and 12:45 candles (up, hovering).  So, maybe we go down?

Also, SPY did dip a toe into the gap from this morning.

And sit on the sidelines to wait for a better opportunity.  Something I am slowly but (I hope) surely learning....

I look forward to intraday charts from BPT!

question is, will this be one of those days when the 60 stochastics stay above 80 all day on a 5-min chart.  If so, no point in trying an intraday short here at R3.  Not that I was going to anyway.  Glad I closed my SPY short yesterday!  Best to be on the sidelines....

Some may find this interesting: the term is "reversion to the mean," not "revision to the mean."  Perhaps it's not that important, but my father (retired) was an English prof, so my antennae always go up when I see or hear misstated words and phrases!  Like "one in the same," for "one and the same," or "for all intensive purposes," instead of "for all intents and purposes."  Interestingly, the phrase in question is different in finance than in statistics, where the term is "regression to the mean."     http://en.wikipedia.org/wiki/Mean_reversion_(finance)

Why bother?  Here's an apropos excerpt from the Web site of an English prof at WSU, in his FAQ section about English usage:

But isn't one person's mistake another's standard usage?

Often enough, but if your standard usage causes other people to
consider
you stupid or ignorant, you may want to consider changing it. You
have
the right to express yourself in any manner you please, but if you
wish
to communicate effectively you should use nonstandard English only
when
you intend to, rather than fall into it because you don't know any
better.

AAPL's like some kind of pariaha here at the end of the day - nobody wants to own it!

QCOM also looking interesting right here.