I almost feel compelled to make some type of mention on AAPL due to the fact that it is about to close at that key 500 level. However, not one thing has changed on my take on the stock in months (all AAPL related posted can be found by selecting AAPL on the Post by Ticker drop-down box or under “The Big AAPL” in the Featured Post box). While the whole world is most likely watching (and talking about, I’ve had the TV off all day) the 500 level on AAPL, I’d still like to see it break below the 490 area before re-shorting it. That allows for a 2% margin of error to avoid the big money from running the stops on the longs and sucking in some itchy trigger fingered shorts. However, I do find it very interesting that the broad market was basically unfazed by the weakness in AAPL today and more importantly, the fact that it sitting on the edge of a technical cliff.
As far as the bull v. bear video I planned for this weekend, I am still working on putting something together so hopefully I’ll be able to get something out soon. At the very least, maybe some static chart updates on the global markets.