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In love with ieverything

John F. Carter 1/25/2012

 

 

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Apple came out with earnings today and it closed around $420, higher than predicted. They had very good sales for this quarter. The S&P has been pushing higher and there is a level of resistance around $1320, but with Apple doing so well, it could break through, in which case, the next big level would be about $1360. John thought there was going to be some shorting opportunity but there really hasn't been and now with a strong apple, the S&P is definitely looking bullish.