Happy Holidays Everyone

Well it was a pretty quite week on the street - which is to be expected at this time of year.

It was not without its share of continued bad news however. It is getting to be a bit of a broken record with continued layoffs, decreasing earnings or increasing losses, reduced spending, etc etc.
A GUYS GOT TO DO WHAT A GUYS GOT TO DO - did you see that Apple has caved and is now selling iPhones through Walmart. Now that is a sign of the times! It is easy to sell the latest and greatest technology at premium prices and through exclusive shops when the money is flowing, but competition has grabbed a chunk of share and Apple is going to try and get it back by selling out to Walmart. With the stock off over 50% in the last year they needed to do something. They are only allowing a 1% discount at the moment. I doubt this will hold for long.
My short picks from last week for the most part came off as expected and are now set up nicely to get on board with sell fractals in place for a lot of them. Here is the charts for Dupont (DD) as an example. We can look at shorting at the $24.25 area. The same setup exists for a number of the Dow stocks.
For those looking for something on the long side: GMCR, DLTR and EBS. That EBS just keeps on motoring. It helps to have a monopoly on an anthrax vacine.

Hopefully the volume will pick up a bit next week.

All the best