Pre market musings today: Google Weekly Chart (GOOG)

We had a decent sell off yesterday, though nothing to write home about. The accelerated selling increased near the end of the day in names like AAPL and GS. Both of these names blew through short term support on high volume without even the slightest bit of hesitation, this to me signals buy side programs have now switched to the sell side. The market is tired, traders are on vacation, i wish i was, this means anything can happen. 



Take any moves right now with a grain of salt. As for the GOOG chart, you should take away we are in a megaphone trading pattern, with the PPS sitting on the mid line of the channel. Google has been chugging along this mid line for some time, currently this is support. If the NQ_F (nasdaq) continues to fall Google will break down through this level

Whats on plate for today:

HURN

NVAX

POT

Posted in: AAPL,GS