Tuesday 24 July 2012

10am update - crawling higher

Its earnings day for AAPL (at the close)..and Mr Market seems reasonably stable after yesterdays brief bear rampage.

I'm looking for slow crawl higher to around 1355/60 by early afternoon. We might get stuck around then..and rollover into the close.


sp'60min rainbow



sp'daily5


Summary

A quiet open, so its going to be very possible the algo-bots get the chance to melt-up this market again.

I remain looking to re-short later today, with my next exit target being 1325 by late Thursday.