Mild Monday

So far, so mild. Good sleeping weather here, 65 degrees and blue skies. Even with an early (for me) bedtime, I missed the first three hours of the market. Egpyt? Bah. No biggie, says the market. Global selloff to start the week? The Dow, S&P and Nasdaq didn't blink. All three are fractionally up.

AAPL has made a run in the past hour or so from 334 to 339, a pleasant surprise. I got out last week, so I'm just waiting for a re-entry point. It appears 334-335 is new support.

As for VXX, I got out with a tiny loss in the mid-31 area. It's so typical of me to have such a modest position and yet all I could think of for most of the weekend was Egypt and VXX. The market often thinks one or two steps ahead. Unless that situation erupts into a shutdown of the Suez Canal, the street gatherings and protests are built into the US market already.

I was expecting a red day, but AAPL, BIDU, FAS, GLD, IBM, TBT are green. NFLX is finally selling off, down 1.8% (214). F is down 1.2% (16.06). GOOG and AMZN down slightly. LULU also. TVIX, which was up more than 20% on Friday, is down 2.4%, so net-net, it's still up big the past two days. I'm staying out of that, VXX and most everything else. The only issues I'll touch are AAPL and maybe GLD and VXX.