快樂牛郎

I think now that AAPL is out the way and the BP situation is stablizing, the Euro banking stress test on Friday will be the biggest event remaining.  Unemployment reports will still matter, but not as much as the stress test results.

快樂牛郎

Just as I mentioned yesterday that IBM's disappointing earnings weren't indicative of where the market would go today, a fantastic report by AAPL also doesn't mean the market will close in the green tomorrow.  Being a contrarian really pays off in today's market.

快樂牛郎

This market has no leg.  My price reference for AAPL is $263, which got hit after hours right after the earnings were released.

http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?selected=AAPL&mkttype=after

I don't see AAPL climbing above this price.

The fact that it dropped to as low as $256 within 20 minutes is not a good sign what is going to happen tomorrow. This happened to INTC last week and we had our big drop not too long after.

快樂牛郎

The market is once again in complacency mode.  The 10,000 support can easily be taken out if the stress test results are not good.

快樂牛郎

Sold my DRV a couple minutes ago for a quick 5% profit.

This marks the 12th straight day in which I've correctly called the market.

I expect the loss to narrow a bit towards the end of the day and a small rebound tomorrow.

快樂牛郎

I totally forgot that today's VIX OE day.  No wonder the huge swing.

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yayaya 發表於 2010/7/21 11:24

More SGY would be good

快樂牛郎

No, I don't like SGY that much.  It's a fairly small % of my portfolio.  I just threw a name out for yayaya.

I smell a small to medium rally for tech tomorrow though.  I just got some TYH after hours.

快樂牛郎

AAPL is still up today, in a down market, will go up rapidly over the next few weeks.

Are you joking me?
You call that a victory when it dropped from $263-$264 to $254?

It's such a failure.

快樂牛郎

Bernanke's speech to Congress is just a headline.  There are many events that were largely ignored.  While volume was ok today, it's nowhere near a free-fall.  We will get a rebound tomorrow.