S&P 500 (SPY) futures +0.15% following yesterday's big rally here and especially across the...


S&P 500 (SPY) futures +0.15% following yesterday's big rally here and especially across the pond. Europe tacks on more gains, the Stoxx 50 +0.4% as momentum continues to build for an ECB rate cut next week. Apple is lower by 0.75%, erasing gains in the 5% area after the earnings and its plan to take on debt to return cash to shareholders. Nasdaq 100 (QQQ) futures +0.2%.
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Comments (5)
  • The Last Boomer
    , contributor
    Comments (1069) | Send Message
     
    This rally has run out of steam. Today I'll take my first short position since... I don't even remember when I was last short the market. I am selling my remaining stock in the trading account, increasing TLT, and taking some TWM.
    24 Apr 2013, 07:52 AM Reply Like
  • chopchop0
    , contributor
    Comments (5268) | Send Message
     
    lol meanwhile on SA:

     

    7:36 AM Stocks get an upgrade to Overweight over the next 3 months at Goldman, which says returns should be supported by a rebound in global growth. "(The) risks in the U.S. and Europe are now lower and the time that markets have to bridge towards the stronger growth outlook in H2 is shorter."
    24 Apr 2013, 08:08 AM Reply Like
  • The Last Boomer
    , contributor
    Comments (1069) | Send Message
     
    Hey, I go short, they go long (or at least that's what they recommend to their clients). We have a trade here.
    24 Apr 2013, 08:37 AM Reply Like
  • pagreen1966
    , contributor
    Comments (661) | Send Message
     
    Funny how the after hours trading went pear shape just when it was announced that there would not be any new product catalysts till the fall.

     

    Hopefully it will fall to $350 so that they can start buying back shares at rock bottom prices. It also allows people like me to load up to!
    24 Apr 2013, 08:24 AM Reply Like
  • Daily Siganls
    , contributor
    Comments (18) | Send Message
     
    SPX will go up

     

    http://bit.ly/10P0Flc
    24 Apr 2013, 09:17 AM Reply Like
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