Asia up. Hang Seng +0.99% and Straits +0.38%. Nikkei down 0.29%.
Europe all up: FTSE (+1.18%), DAX (+0.60%), CAC (+0.98%) just 3 hours into their day.
Is it possible? Is there still room for AAPL to grow? My shot-in-the-dark guess is AAPL tops out at 352 before pulling back around earnings day (January 18). Is the risk/reward worthwhile since AAPL is already at 342? Not really. But I could easily be wrong and AAPL could shoulder the incoming weight of hundreds of fund managers looking to lock in early gains for 2011. Tons of cash could pile into the market, much of it banking on iPads and iPhones and Verizon hookups and ... apps?
Is AAPL capable of running to 400 as its staunchest bulls claim? My guess is shares pull back on Verizon's official announcement of a tidy, if belated relationship with Apple later today. The pullback won't last long, but there should be an opportunity for traders to find a digestible entry point ... say maybe 337? 333 would be nice.
I'll probably be asleep by then. It's a frigid 64 degrees here in Honolulu (1:35 am). Good sleeping weather, indeed.
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