Ah yes, the quiet of early morn. Dark skies, cool air and a lady on CNBC worried that the rest of the Earth couldn't hold the February lows. A technical analyst. I wonder if she's long or short the market, or neither. They should disclose that stuff and keep us entertained.
A good, fun time was had by all last night as old friends reunited. I had my fill and the result was an earlier than usual nighty-night time. But that also knocked me out through premarket despite the blare of my alarm clock. My small position in AAPL is slightly under water (263.34) now, but was north of 266 in premarket — during the first hour (7-8 am Eastern) when peons like me can't trade. After 2 am, when I could've traded (but was happily asleep), AAPL dropped below 266 and opened at 265.15.
Not surprising after yesterday's gains. Oil (USO) is flat, though BP is up 1.3% (38.19) somehow despite another drawback in the Deepwater Horizon disaster. Financials are flat, though C is up 2.5% (4.02). GS is down nearly 1% (143.62). Dollar is up fractionally (UUP 25.39) and the Euro is down a bit (FXE 121.77).
Thursday, June 3, 2010
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