By Gareth Soloway on June 18th, 2010 2:18pm Eastern Time
Apple Inc. (NASDAQ:AAPL) took the Nasdaq on its shoulders and helped it move higher for the week. While many are wondering if we will have a double dip recession, Apple said who cares! The stock hit new a new all time high on Thursday and then again on Friday topping out at $275.00. Recession what? Keep a close eye on the market next week overall. This was options expiration week and institutions no doubt propped the market up to make sure they did not have to pay off the puts. Next week will give a true picture of the market. Apple is short term extended but may have its eyes on $300.00 if the markets move higher next week. While it is tough to go long at these levels, it seems to be too strong for a short as well. Neutral is the best way to play it. To get more indepth analysis, swing trade alerts, education and more, join the Research Center!
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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