I Don't Like Waiting...

There ain't a whole lot going on right now in the stock market. We've retraced a good chunk of the losses of the past couple of weeks, yes, the BTFD crowd is alive and well.

My methodology is support/resistance and overbought/oversold. So, currently, nothing is really happening. I missed most of the long opportunities from the rebound. But hey, can't catch 'em all, right?

So now I look to Apple (AAPL)

AAPL just reported solid earnings and gapped up a few days ago. It reached a fresh ATH today, and today's candle is completely outside the top bollinger band. RSI is below 70, and the stochastics are just now signaling overbuying, so I hope I'm not too early on this one. I believe that it can move down to gap fill or the 20ma, whichever comes first. Or, it could keep running higher, I don't know. That's why I'm not risking a whole heck of a lot here.

Bought 2 DEC14 105/100p for 1.93... max risk = $386 or 1.93% of capital.