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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 683.47+0.6%Nov 28 4:00 PM EST

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To: GROUND ZERO™ who wrote (38511)10/5/2012 3:04:29 PM
From: Keith Feral1 Recommendation  Read Replies (2) of 219478
 
They keep doing the same thing every Friday, open up big and roll the market over. With the 10 year at 1.73%, I'm sitting tight for now. If it were crashing back with the market, might be a different story.

I blame Apple for the market weakness today. Every time they announce the death of Steve Jobs, the stock falls apart. They had a Memorial for Steve Jobs on their website today to announce the 1 year anniversary of his death. Stock has been ticking down ever since.

Realistically, Apple is probably getting nailed since Piper was taking down their earnings expectations for Apple yesterday. Stock is still too elevated to screw around with right now.
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