Trade Alert: Trimming another big winner

Don’t forget to join me for this week’s Live Q&A Chat at 2pm EST at https://twc.scutify.com/members/. And as always, if you run into any troubles logging in, just shoot us an email at support@tradingwithcody.com and we’ll take care of you asap. You can also just email me your question to that address and I’ll include it and my answer in the transcript we send out later.

Sony $SNE with a helluva pop today coming on top of a helluva strong rally already. Chart going parabolic. Strong $SNE numbers, in part from weak Yen, all of which is why I’d built up a long $SNE position in the teens.  I’m trimming about 1/5 of my Sony.

Nothing wrong with taking some profits off the table now, tho I still think this: “I continue to hold my $SNE and think that there’s a lot of upside over the next five years with this stock. The library of TV shows and movies are in high demand by all the $AAPL iTunes,$AMZN, $NFLX, Hulu streaming wars. The collapsing Yen figures to be a huge boost to the company’s finances in the next year too. Sony’s investing heavily in #wearables and Sony could be…”http://goo.gl/HDFkvq

$AAPL hits $120 exactly and can’t quite get thru it on what could be its first of several tries today. @andrewface

This is how technical analysts see “resistance” built sometimes: “HUGE offer on $AAPL at $120 http://t.co/rmAxFGkiMD“@andrewface

And this is what makes a chartist say $AAPL “broke through resistance”: