Apple should do good tomorrow after having reported spectacular results. Historically, stock has not performed very well after reporting the results. I have an upward bias; We will see.
After Apple's blow-out earning, Market will look forward to Fed decision tomorrow. QE3 is not expected, which I think is already baked in the market expectations.
Both DOW and S&P are at resistance levels with very little room of only 0.6% before they hit ceilings. Market will continue to struggle for upward journey unless it opens much higher tomorrow by-passing the resistance levels.
SPX position was closed today for 21% gain in a day. The portfolio is evenly balanced and only 50% invested, leaving enough to leverage other opportunities market may offer(keeping aside approximately 40% portfolio gain in just three weeks of 2012). Most positions have at least two months to expiry.
Let's stay focused on our strategy. The focus of the strategy is low to medium risk trades and achieve about 15% average gain per trade. The 2012 track record reflects that there are no mega gains, but a high success ratio.
I am excited to share that in just four weeks of life of this blog, there are 100 hits on this blog today.
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