Watching Google Closely...

Google sold off hard today and is now just below the up trend on the daily chart.  The stock has been a remarkable performer over the last six months, but is now up against some serious overheard resistance near $625.  Earlier in the week the stock looked to be breaking out and through this resistance, however today looked like a serious reversal.  Our strategy is to swap from long to short immediately once a trend has broken decisively, and this may happen on Monday morning if the stock opens lower.  

Google is one of the stocks we are analyzing in our guest section during January.   Take a look at what we are seeing....