No Rotten Apple and Dow 22K?
After climbing above 5900 premarket, the NDX (Nasdaq-100) only managed to keep it's head above this important level for a short period of time during the US session. The majority of the day seen it below 5900; however, it was relatively subdued and couldn't get lower than 5880. Of course, this would all change once Apple (AAPL) reported after the bell.
Well, it looks like Apple delivered in spades and the NDX hit a weekly high above 5930. It'll be interesting to see if it can maintain these lofty levels. After Facebook (FB) propelled the NDX futures higher, we ended the day much lower on a massive tech selloff right after hitting new all-time highs.
Meanwhile, the DOW hit another all-time high today and is quickly closing in on 22,000. It's amazing actually, as DOW 20k was such a big deal not too long ago. Why not another 10% for the hell of it though; in fact, at this rate, maybe we should start preparing for 30k. The market just doesn't want to take a rest. If for some reason it does, it'll be now or never (August/Sept seasonality).