Trading Plan for 7/26

Well we got a huge sell off that I was scared of on Tuesday but managed to recover some of the losses today. I think we'll learn in the next few days where we stand. If the market is going to continue to march higher earnings are going to be the catalyst. Apple's earning report is going to be key. The company leaped higher in after hours trading but the real test will be tomorrow when trading resumes. Anything but a strong close in the stock price would send a signal to me that from a pshycologial point of view the market is simply not ready to move forward. The system is still in buy mode but I must stay it's getting close to a sell signal. In the meantime I've sold my NTGR option for a loss of 18%. I still own 500 shares of DO.