BBRY popped from its cup and handle yesterday – but did so by gapping, thereby not triggering the trade. FB is teasing its highs before earnings next week, and there are a number of stocks at sensitive levels.
As I mentioned before, it’s an inconsistent earnings season so far. The indices are hovering near their highs, there are some interesting plays, but if you don’t want to get caught out by a surprise reaction the safest place is on the sidelines.