APPLE

Hate that stock rrrrrrrrrrg. have some puts looks like they going to be worth nothing after this push higher after hours.

Have a feeling

Have a feeling something is out there that will about to surface to scare investors again. News is going out about a surprise interest rate cut and that tells me something is out there ready to happen. Could it be that more countries are about to default??

BAC

BAC finally broke down below that $15 level and now shows a confirmed lower. Next level to watch is $12.75

GS

Well GS is saying environment became very difficult in the last quarter. I want to see how the spin this during their conference call. Futures has continued its weakness since GS earnings announcement.

GS

Will be looking closely on GS earnings this morning

I know :)

I know I said I am out for rest of week but can't stay away completely. Just exhausted right now.




Not counting overnight or pre-market action, here is where we stand with the market.

The S&P 500 ran into the zone highlighted last weekend, and while initially rejecting this area, the market closed strong on Thursday. The 50 day moving average is also in play here, as the last 3 days have traded back and forth through this key level.

The next level to watch on the upside will be the 200 day moving average. We are pretty overbought on the short term, so I will be watching for a retracement before we get moving to that big barometer. If the bulls have one more gasp in them, we could get there before a pullback, but be careful getting biased as we are in earnings season, which means there are wild cards in play here.

Out

Out for rest of week