Apple announced today the release of there new line of ipods today with several new updates to the Models. The new Nano is the thinest ipod to date and they switched back to the longer rectangle shape instead of the latest small square shape which i thought was pretty cool for the Nano in my opinion. And prices are fairly reasonable for the new Nanos as well with the new 8gb for just $150. I still have my 1gb nano that i paid $200 for when apple first released the slim nano model a few years ago haha. Funny how much changes in a few years with technology and prices…. Also another new feature with Itunes 8 is a really cool feature that actually was already featured in the napster software that i just ended my year long sub for cuz i had it for free But Apple calls it genius, click the buttom and it will create a playlist of all similar songs and artists on your ipod and in itunes. This was a great feature for me when listening to music on my napster desktop software. Just find one song you like, click the mix button and it would stream a lot of cool songs for as long as you wanted. Of course napster sucks because you can’t put the songs on your ipod…..

But how about AAPL’s stock? It tanked today around 4% on the news yet you can’t really blame the news when the DOW stumbles 280 points basically taking all of Mondays FRE and FNM bailout  recovery gains… This market is so retarded…. But anyways Looking at AAPL stock chart price is sitting right on heavy support in the $150/share area so this could be a promising support area to play a short term bounce in this stock. Of course keep your stops tight and wait for signs of stability/reversal.

Technical Analysis:

Stock Futures are up big time on news of the government bailout for fannie mae and freddie mac, the big wig mortgage lenders. Currently the Dow Futures are up 249 points or 2.33% which is looking to post us some large gains for our current stock positions.

Although its unfortunate for those who were holding long on FNM and FRE over the weekend as they dropped 20% Ah friday and are showing BID/ASK prices of 1.51/1.70 for Monday . Of course the question now is whether or not this is a good investment opportunity? Listening to Buffet on CNBC responding to the news stated that this was the best move possible to save FRE/FNM yet wouldn’t consider investing in these stocks and there “Blown Away” . Yet obviously, i don’t care about investing, only short term trading and i believe this move will definitely give us some strong day trading opportunities as we’re going to see big moves with these stocks on tons of liquidity. 

On a positive note financial stocks are looking to open very strong this morning, good thing we bought 3 new financial stocks on Friday To Recieve real time buy alerts for all of our stock picks sign up for a FREE TRIAL TO BLACK SERVICE!