Wednesday, May 1, 2013

Blackberry back down today

Blackberry was back down today, I decided to buy 600 at $15.98 in the portfolio to see where it goes. Markets were down overall, and I am concerned about general direction of the markets, in hindsight the end of May was probably not the wisest time to start trading a portfolio.

The daily SPY has a double top forming up, a negative formation if it holds, still too early to make that call.
However.....the weekly chart looks great, but as I have said before the declining volume is a concern. Watch the daily for a further break, then take a look longer term.


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