If it holds 585. Apple is not going to 585, not in the best 2 quarters coming up. Apple has cleared its schedule for next year. I think something big will be announced. Apple is not trading on anything but technicals presently. The algos could quickly change, and that will be next week after the elections. Elections will bring BIG clarity to the markets. If Obama, sell stocks, if Romney sell bonds. Thats the word on the street. Market sentiment will be bullish with a Romney win.
It is a no brainer that Romney is bullish for stocks. It is amazing how few Financial"journalists" you can get to actually say it. They keep asking the question..who is best for the markets? Like they don't know. But they do. They just won't say it.