I'm finally back in action today, although I'm still not 100% after battling the flu the last few days. I honestly only checked the market like 2 or 3 times yesterday. And it mostly happened whenever my phone would go off because of CNBC alerts. I checked it right at the open to see how Monday would start, and seeing how we gapped up I honestly had a feeling that it would be a sell the news type of event. You can only go up so many times on a news event. And all last week, it felt like every time something good was said we would rally. I would have at least tweeted a "gun to my head, we will close down today" call, but I could barely lift my eyelids, much less my fingers. I don't mind sticking my neck out with outlandish calls of what I think the market will do. I'm not going to get noticed any other way. Just like the few people who got famous for calling the top of the housing bubble and have now faded into anonymity.
The big fade from opening highs calls into question if we are topping again. I continue to hold DXD. I haven't been able to sell some of my other holdings because they haven't sustained momentum for more than 2 days which is usually one of my sell signals. There are over 15 buys on my list today, I will wait until the close to see if I pick any up. I am thinking CHKP will probably be my only buy since it is down 5% since my first buy. This one usually treats me good, and it will do so again. SIAL is also piquing my interest.
AAPL continues to fade today. It retracted from nearly hitting 470 today. I haven't looked to closely into but there will need to be some sustained momentum over 460 to turn the 50 day up. Otherwise it could continue to fade and act as support. Still looking to fill that gap from last earnings, and I'm hoping it does it before the next round so that I can trim some, otherwise I will look at options to protect some of my profits.