We are going to have an interesting morning tomorrow. The market did a sudden drop right at close and this affected Apple. Apple is at $92 right now, which means it roughly is at $82 when you factor in the good earnings report. Why is this important? It is important, because Apple hasn't dropped into the $70s yet (without the $10 price adjustment from earnings).
Let's look at other factors. Is there any exciting news lingering anywhere with Apple. Right now no. They only have some new laptops and ipods and it is pretty much a waiting game to get through this holiday season.
How is the market? The Dow is at $8175. Are we going to dip below $8000? I think so, but I don't think just yet. If we do it will be a blood bath.
So tomorrow looks like just another average day where both Apple and the market are on the low end. My prediction will be that a buy at open will be profitable, assuming pre-market is low $90s and there is no major news in the morning.
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