Monday, August 23, 2010

Boring

Boring but where are the bulls? We definitely targeting 1054 here and more than likely there will be buyers around that 1050 level for some type of bounce. This is very disheartening for the bulls because if they can't push us higher off earnings what else will they have. There is no good news out there to hear and with the mid term elections just around the corner I fear the market will be stuck in the range for a extended period.
Notice we didn't even get to that S&P 1150 level.

Stay tuned-

AAPL looks like it wants lower around 242.

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