Replies to post #255 on S2 Option Trader

[plashadpobedy]

Caveat on shorting QQQQ this week....(or anything else)

S2....AAPL reports today (Tuesday) at 5pm. AMZN ER on Thursday. Don't you think if AAPL is even down 30%, the market will call it positive, and go gangbusters? From what I've read on blogs, that INTC was down 30%, made up some sales on the cheap notepads, but their server-side of the business is way down. Yet, the stock gapped up 10% on earnings!

Here's more on bad numbers by Karl Deninnger on TXN: http://market-ticker.denninger.net/index.php?frontpage

While it seems, per the numbers, these stocks should sell-off, the market seems to want to keep the market up, at least this week.

I'm looking to re-enter oil stocks short (OXY & XOM) as they hit previous bounce levels off support, but not until I can see some flutter (stall-out) at just past SPX 950.

The lead-up to the January high looks very similar to right now, and at the exact same level. I'm getting deja vu, but not ready to add shorts quite yet.