Wednesday, April 21, 2010
AAPL Earnings Faded
The market got a pop on the AAPL news but its been fading in premarket. It looks as if the market has reached a point where there are not enough eager buyers even with AAPL news. I don't want to make too much of the premarket action, but Europe is weak, especially Spain. We stalled out at 1209.50 overnight, that is pretty close to the highs from last week. I don't think that's a coincidence. 1210 will be hard to overcome this week. I am looking short but I haven't pulled the trigger yet. I think we probably have one more day of placid trading before the plug gets pulled.
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