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The S&P 500 Emini Futures traded inside a 7 point range again today until Apple released their record blowout earnings. When Globex opened at 3:30 CST the market made what seemed to be an obligatory 3 point move up to our next Weekly Trading Zone 1315/1316 where it promptly stalled out and has remained since.
Apple (AAPL) is selling a whole lot of just about every product it makes — and investors are loving it.
The company's stock shot up more than $32, or nearly 8%, in after-hours trading after it announced that its first quarter — which ended Dec. 31 and spanned the holiday buying season — was its best ever.
Revenue surged 74% to a record $46.3 billion and profit more than doubled to $13.1 billion, blowing away Wall Street's expectations as Apple sold more iPhones, iPads and Mac computers than in any quarter in its history.
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