Hedge Fund Averages for 2012

Hedge Fund business has been tough these last few years but last year was probably the worst year for performance with only an average gain of 2.86%.

2012 Highs Achieved!!! BINGO

Gap and go day yesterday as the market pushed higher most of the day.  We did pull in a little into the close, but it was still a positive session. Volume came up and breadth was Bullish, although it closed off its best levels.

The S&P 500 hit its 2012 highs target, but couldn't stay above that level into the close. This is cause for a little concern, but not too much until we see if there is responsive selling off that level.

For today, there are some key earnings on tap before the market open, so that will set the tone gap wise. It is OE day, so it may just be a sloppy trading day. As most know I don't execute trades on OE days.

Higher as Expected

15 minutes till the open and we are as expect from last week grinding higher. I would be taking off some longs here and looking for some resistance at S&P 1478 area.

AAPL- Taking some off above yesterday's high. Oh AAPL how I love and hate you lol

AAPL non stop

AAPL non stop upward from the 485 area. Now +$24. Taking off a bit at the close and riding the rest

AAPL +$19

AAPL almost +$20 from 485 level-

HIgher

Still thinking higher on the markets here- Though we not doing much volume I think we will just make small steps up possibly to that 1284-87 area. Today was a very slow day and it looks like big players are not taking any huge bets yet.
Personally my technicals are showing this year the market will hit its high before we start heading down again into bear market territory which should subside in 18-24 months.
After this year I would definitely be out of any equities!!!1

AAPL

Yes I have a huge love hate relationship with AAPL stock but yes I dived in today and bought at the level I noted @485. Lets see how much we can bounce if we do off that level. Something tells me this level MIGHT have some meaningful support.