A mixed bag of indexes

The day started off giddy with AAPL excitement, but soon tamed down and moved back and forth between red and green. All the indexes, except for the NYSE, closed barely green. After the close some bad reports from QCOM AMGN and EBAY sent futures moving to the downside…and they continue down thru the evening.

With the big up move in the Q’s thanks to AAPL, I thought I’d nibble on some puts, along with adding to my TZA position. The SPY looks like it may have formed a double-top over the past several days. Maybe tomorrow we see a confirmation of failed top. Also note that we continue to have increased volume only to the downside.

Tomorrow we have Jobless Claims and lots of earnings reports. If neither of those have any good news, we may get real ugly. Here’s some more reading to cheer you up:
Greek Workers to Strike Today as Papandreou Faces Bond Rout

Do Bank of America’s Blowout Earnings Actually Blow?

See you tomorrow on the battlefield….or maybe I’ll just sleep-in.