GOOG MSFT and the Market

It’s options expiration, and two bellwether stocks are beginning the day in the red. MSFT could open below it’s nice green bar yesterday, and GOOG - Google Inc. is taking a nasty hit after it’s earnings report. Not sure if I’ll try MSFT - Microsoft Corporation for a trade, but GOOG could be volatile enough for some action. 509.76 is the current 50dma for Google stock. That should act as a first support level.

I ended yesterday keep the QID long trade. Trading activity was slow enough for me to watch it. Probably not the best idea to not follow a stop, but I’ve seen so often, stocks drop .50 below my stop, only to reverse, and not look back.

It will be interesting to see the market action next week after options expiration is over.