Somewhere above $860. God forbid it break the support level. Funny thing is I agree with another poster who said if they beat by a penny, this thing would be up 80. Miss by a mile, down only 40. For now, that's the market we're in. Very frothy and buyers pile in on every dip, simply because it has worked so many consecutive times. There will be a dip in the near future that isn't the one to buy though, and I think we're near those levels. A market performing like this in the economic environment we have today just doesn't make sense. Fundamentals are not backing this rally at all - it's pure multiple expansion in a weak economy! This doesn't mean you should lever up and short everything, because the market has a funny way of **cking as many people over as possible, but no reason to buy at these levels.
no i have a 850-845 put spread which will make me a fortune and i mean a fortune .i bought it for 26 cents ! if it opens somewhere around 855 i will prolly make a $1 orelse i lose all ! if it opens below 840 i am rich! i am hoping for ppl to digest the news and sell it hard tom! i doubt it will happen coz its opex