A napalm party would be great :-). Unless we have a strong late day rally, then I couldn't be more pleased with where I bought the May 570s. MZHQN shows "day's low" at 13-7/8, and I got 2 at that price, and 1 at 14-1/8.
It's been awhile since I've seen slow stochastics on the SPX this over-bought. the MSH index slow stochastic is up around 95, and that was as of yesterday! It's all just so insane. IBM reports a so-so report, not that great at all, and shares are up 4-5 pts.
As for MSFT, if I was Bill Gates I'd have been unloading a bunch the last couple days.
If Plonk's new prediction of "1190" on the June S&P futures comes true, then we're going to be virtually guaranteed a BK this Summer at latest. Even at these lofty levels, it looks to me like Summer is going to hot, dry, and very painful to a lot of people. |
