Market going against all of my indicators, plus against other world markets....
Appears that we are going to melt up until the stimulus package is approved. Hate to bet against my indicators, so took a small position in AAPL calls and a few shares in my 401k. I figure 5G iPhone, earnings end of month, breakout from a pennant and an inverted H&S pattern. (See my AAPL post)
AAPL heads in the same direction as SPX and NDX, so big potential for a drop in this overbought condition, but going with the chart pattern read instead. Probably will kick myself next week, lol.
No shorting until a double top or after the stimulus is announced.