I have been watching IBM quite closely the last few weeks. In particular the breakout from the multi-month consolidation zone which occurred back in late September. The volume was completely unimpressive, in my opinion for a break out from a 9 month consolidation.
Since the gap down following earnings Tuesday morning we have seen a weak volume rally. Based on this, I am punting 1 unit of IBM here on the short side at $139.95
Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".
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Short 1 unit Apple ticker AAPL @ $312.25 stop @ $315.37
Short 1 unit IBM ticker IBM @ $139.95 stop @ $141.21