The market was quiet following yesterday’s explosive move to kick off February. The big jump we saw to kick off the month was not unfamiliar, as we have seen the first trading day of month account for more than 90% of the gains in the S&P since the start of 2010.
One the stock specific front, Apple Inc. (AAPL) which once again has a nice technical set-up through the recent pivot above $345, was also quiet today. We still expect it to make new highs soon as it remains undervalued. Casino stocks, the other group we like as a set-up right now, perked up at the end of day. Las Vegas Sands Corp. (LVS), which has earnings after the close Thursday, got a bounce before pulling off into the close.
*DISCLOSURE: Scott has no positions
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