sp'60min
Summary
*FB earnings were good, but market selling it lower, -5% @ $60
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A very quiet day, and surely a day of classic consolidation, after a climb (yes, based on low volume), from sp'1814 to 1884.
Bulls just need to clear 1885..and that opens the door to a new index high in the low 1900s...very viable next week.
Other than that...nothing to add...except...
AAPL earnings..due.. 4.30pm.
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4.13pm... FB turns green in AH, back to the $63s, but its a bit choppy. Overall though, the numbers were pretty good..at least on 'first look'.
4.32pm.. Great headline numbers from AAPL, $11.62 EPS for Q1.
How the market deals with that...remains to be seen.
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4.35pm.. BIG news... AAPL stock split... 7 for 1 .... lol...there will be a LOT more retail piling into this hugely undervalued stock now.
Waiting for the stock to re-list..at 4.45pm.
4.46pm... AAPL to the 560s...and headed to the monthly upside target of $600 in May.
Equity bears...facing a world of hurt tomorrow, urghh.
4.51pm.. AAPL +8% @ 566...
Sp' looks set to open in the mid 1880s tomorrow, a weekly close in the 1900s..is now viable.
4.48pm.. The AAPL gains are holding, and that should set up the rest of the week.
AAPL, monthly...
Upside to $600 looks an easy target, now that key resistance of 550 is broken.
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more later...on the VIX