Despite new morning highs... from a pure cyclical perspective, we're due a down cycle of at least 2-3 hrs.
*I remain on the sidelines... have little interest to re-long... with the cycles as they are.
Despite the market breaking new morning highs.. AAPL still can't push above the opening level in the low $112s. Considering 110 has already been seen today, if the main market rolls lower... 109s are an easy target.
I'd consider an AAPL-long in the 2pm hour... but I sure ain't in a hurry.
notable strength: FCX +16%.. after some cost cutting announcement.