Friday Market Up Again

• Once again there was news about Apple phone sales are slowing because suppliers have announced they are receiving less orders from Apple. I find this funny since we have an idea of where they are made (China), but Apple is secretive and uses multiple suppliers for so many parts. Because of the news Apple dropped 3 points at open and recovered some during the day.
• Home Depot and Boeing dropped at open with everything else including Alphabet. By 10:45AM everything changed direction and moved up. Home Depot has run up strongly this week from 190 to 197. I would expect to see it give back some Monday through Wednesday and have a very strong Thursday and Friday. Wednesday afternoon will probably be the best time to buy Call Options.
• Alphabet (GOOGL) got sold off by the end of the day and completed it's 4th day in a row of downward performance. So far this year, Alphabet would have one week where it changes direction from being down to moving up on Tuesday and have a big Wednesday through the end of the week. The opposite is true as it reverses direction from the upside on Tuesday as it did this past Tuesday and dropped from there. The movement from the prior week was from 1065 to 1162. Half of that would put it at 1013 as a floor to look for it to rebound to new highs and that should happen Tuesday morning. 
• This week Twitter graduated and is now listed on the S&P 500 and has gone up all week. Who knows what is going to happen next week with Twitter, but there is a lot of news happening:
• President Trump meeting about trade this weekend.
• On Tuesday is the summit with North Korea.
• On Tuesday there will be a court ruling on AT&T purchase of Time Warner.
• The Federal Reserve Board is meeting on Wednesday and we will have an announcement at 2pm on inflation and if the Fed Funds rates will be raised. Given the strong start to June, I would expect the rate to be raised and interest rates to start going up on Monday.