Kibbles , watch the 3:30 move ,this is just noise . Why not announce pipeline aproval today to rally the markets ? Monday will be key reversal day IMHO . I can not believe that we are not going to try for high of year again . Dull market ,tight range , trade with caution 152 .43 -49 today that is risk being short from 152.20 s 151.66 test 151.31 is line in sand .
Kibbles , watch the pre market range/levels at just a few before 8:00 and then ten before 9:00.. The pre market agenda will set the day . 151.31 is important .Friday afternoon was a paint peg for options .
All I see is positioning for a substantial drop. This market is all over the place this week, we are seeing 20 point swings in the S&P which is pretty scary no matter what side of the trade you are on. Longs are spoiled by these swift rebounds. There is a presumption you can safely buy any dip which tells me there are to many on one side of the boat. It works until it doesn't and then it feeds on itself. Just look at AAPL, anyone who has tried to buy the dips has gotten crushed. The broader market is going to suffer the same fate, AAPL doesn't exist in a vacuum. This run is long in the tooth and it is without merit based on GDP or earnings.
apple does not matter , there are many hopes from apple in calls many people cannot own stock so the gangster take their money down to penny on last day, also the earning are overrated , the stock is doing ok but the expectations are too much, rimm will die sooner than apple