April 24, 2012 at 19:32 PM EDT
AAPL Delivers Again! SPX, Nasdaq, AAPL, HSY, BIG, NFLX, CRUS, JNPR, BWLD, BIDU, SWKS, BRCM, QCOM, OVTI
The market saw some bounces after Monday’s selloff.  This market has been very volatile, whipping back-and-forth.  After the market, AAPL delivered, yet, another blowout quarter, with both iPhone and iPad numbers beating the estimates!  AAPL traded $40 higher after the market.  The so-called "Apple Stocks" (companies that make the the components inside of iPhones and [...]

The market saw some bounces after Monday’s selloff.  This market has been very volatile, whipping back-and-forth.  After the market, AAPL delivered, yet, another blowout quarter, with both iPhone and iPad numbers beating the estimates!  AAPL traded $40 higher after the market.  The so-called "Apple Stocks" (companies that make the the components inside of iPhones and iPads) were trading higher as well:  CRUS +9%, SWKS +8%, BRCM +4.3%, QCOM +1.9%, OVTI +3.85%.

Last night, NFLX reported a quarterly loss and saw its shares trading down 14%.  NFLX may not be down falling and could see $80 in the near future. This morning, HSY reported strong quarter numbers, sending its shares up +6%.  BIG shares got pummeled down 24% after giving weaker-than-expected sales outlook.  BIDU tumbled 10% this evening after giving a softer guidance.  JNPR shares popped more than +7% after its earnings leaked out before the market close.  BWLD number also came out early; its shares reacted negatively, dropping almost +6%.

The Dow was up +74.39 points; SPX added +5.03 points; Nasdaq slid 8.85 points:

BTK (biotech) added +0.8%.  OIH (oil services) gained +1.17%.  SOXX (semiconductors) slipped 0.76%.  XLF (financials) gained +1.13%.

SPX

SPX added +5.03 points to close at 1371.97.  It closed below the daily MAs.  The MACD went down.

Nasdaq

Nasdaq slid 8.85 points to close at 2961.6.  Its daily MAs and MACD went lower.

This market is hanging on, refusing to break down.  SPX keeps bouncing off of 1360.  Nasdaq was weak today, but, with AAPL’s blowout earnings, there could be some buying in the techs tomorrow.  Still, this market might need some more time to work through the recent "indecisiveness".  If the Dow breaks above 13,100, and/or SPX pushing higher than 1400, we could see the sentiment turn positive.  Until then, hold lots of cash.

Good night and HappyTrading! ™

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