S&P 1900

laszlo birinyi the known market reseacher is predicting 1900 on the S&P by years end. The bulls are definitely in control and i have been doing some ready and found out that really ultra high net worth folks are not in the market and if they do could push us higher.
We have to wait for the signals and see what happens. One thing is for sure the market won't fall far as long as the FED is pumping us afloat.

Thanks FED

Over 1600

Ok finally the 1600 are here- Job number were better than expected and unemployment numbers lowest since 2008. I guess today is the day the bears might be in severe pain, let's see if they capitulate

May and Markets

Today is FOMC day so I wont be watching the markets as usual. Volume usually tapper off after the first hour on FOMC days so difficult to do anything till after announcement.

Finally the Nasdaq has tagged its 2012 highs. So all major indices have hit or surpassed their 2012 highs which now put me on hold for any new longs to be initiated. More than likely we hit 1600 on the S&P because it is so close but I would be definitely be cautious since we are not in the "Sell in May and go away" time frame.

In the mean time, let's see how volume shakes out after FOMC and play smaller size on plays if you do.

VRX

VRX looks like it wants higher

AAPL

Bye bye AAPL. May find some support at 378 but i would not count on it. I would give it a couple days for the selling to subside

The Stock I HATE

Yes AAPL earnings is this evening after market close.. Something tells me they will get sold off but as I know thats why it is the top hated stock I ever traded.

Spec Play

Spec play - ACOR long $39.45