The Monday After....

• Apple continued to move higher today on the heels of the Berkshire Hathaway shareholder meeting with Warren Buffet over the weekend. 
• Alphabet (GOOGL) quickly shot up almost 15 points shortly after the market open. I benefited from buying one 1060 strike price call on the way up for 7.6 and selling it less than 10 minutes later for 11. It came back down to 1058 and going back to 1064 (another sell opportunity if didn't sell earlier), back to touch 1058 and floated between 1059 and 1062 all afternoon until 2:30pm when it made it to 1064 (sold for the 2nd time today, 1070 strike price) and then down past 1058. Based on the limited price movement today, I would expect Google to open on Tuesday lower, move higher before falling more than 20 points throughout the rest of the day.
• Walmart and Home Depot fell today, made mini runs up before falling more. I have observed this trading pattern for the past couple of weeks. It may hit 185, but may trade below 182 first this week. Friday's have looked really good to take advantage of buying after being down all week. Both report earnings next week. They both should knock it out of the park when they report. They might be the last step to bring the market higher.
• Boeing held strong most of the day and when everything else fell, it came down 2 points, but it trades over 340 when that happened. Based on the trading patterns, I would expect it to hit 335, come back to 342 and fall to 330 like it has done over the past couple of weeks.
• More earnings this week means possibility of having more upside, but given the major market components have reported already, I don't know that we will see that much upward movement before coming down to an area similar to last week.