AAPL missing earnings by 10%, knocks of 1.20 off the QQQ april highs, leaving 66.8 as a shortable target price.
INTC missed, not helping, IBM in line…
Most of the banks, in line, most of the transpo , in line, IYR companies, some misses, not to impressed. miners look horrible. NEM 38% miss, no way the spy makes it to 1415 again, because of the minersr
XLE is off by 2 or 3% this quarter on its reports. Drug companies, in line, to missed slightly….
healthcare, off. some in line, some misses, in general, it looks off. like they missed, they certainly had their p/e’s drastically taken down. some as much as 15%.
not helping those with a case, we go to a new yearly high by mid aug.
the breadth indicators, 2 of them, are at their top,top readings. the 50 and 200 day breadth indicators.
-=-==-
I could short the indexes, now, and the aug pullback, would make them profitable, when the aug pullback happens. not going to try and time that, just yet.
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