1405

Again the number higher that comes into play is the same old 1405- watch for that number if we trend high into Friday.

AAPL

The stock I dislike the most AAPL reports today. I have had an AAPL over a month and it has been painful to watch to say the least. Cover here +$30 profit and will not look back on it. If they spike out of earnings that $30 profit could be evaporated and I am not willing to take that chance. Maybe later in the day I will look at some options but they should have a ton of volatility priced in them to make them expensive so we would need a high delta move out of earnings in the right way to make it profitable.

Before Open

Looking at a sizeable gap down BUT there is just one number I am watching 1270 on the S&P. Bulls must close above that for me to say we wont get a size able pullback as it now stands. Friday day can be nullified as just options expiration movement and that's why I always make a note not to trade on those days. GOOG also approaching its 200MA - Lets see if it gets a bounce and how far.

April 10 Post

Some Projections: These are still in place- Only way they get negated is if we hit new highs- Please note carefully that the past two years the market has peaked in April. April 10 Post: If we dont make new highs to negate the projections set up I will be looking for the following numbers to be hit in the following markets: OIL: 95.25 GOLD: 1504. These are longer time frame projections and I am still sticking to my analysis that in a longer time frame we are still in a bear market that will end sometime in 2016 so we go a long way to go. We are still trading around the all important 1270 level, it still needs to be resolved!!!

RAX

WOW new highs- that one was beautiful

GAMES

Games as usual- we ended the week at exactly 1370- BINGO- now over the long weekend the bulls and bears will do battle of were the think we should go :) nothing like technicals !!!!!

Bloomberg must be reading my Blog

spoke about the 1370 area monday- I guess bloomberg a few days late !!! http://www.bloomberg.com/news/2012-04-12/why-1370-matters-for-the-s-p-500.html