Stocks marched patriotically higher on Tuesday as anticipated, but the rally was not quite strong enough to get us short intraday as we'd recommended. Our bullish targets for the Mini-S&P, August Crude and the QQQs will remain valid when the markets open and begin to feign activity today and Friday, but we should be extra cautious about laying out shorts that we would not in any case be carrying over the weekend. AAPL shares failed as well to reach our rally target even though maniacal buying drove the stock nearly $6 higher on the day. Our goal is actually a double target representing two important Hidden Pivots that are closely coincident. Both come from the weekly chart, and that is why we have suggested shorting VERY aggressively if and when our magic number is reached. We remain quite confident that AAPL will do exactly what we expect of it, so if you've been carrying a long-term position, the stock's presumptive last gasp offers the best opportunity we've seen in a long while to adjust positions by way of some always-patriotic profit-taking. We are in fact so confident in the target that it should be viewed not only as a great place to take profits or to get short, but also as a minimum upside objective. To repeat: Apple WILL get there. However, if it should push more than 10-20 cents above it, we would have to consider the possibility that Apple is in a parabolic blowoff that could eventually resemble the one traced out by the shares of Radio Corp. in the months leading up to the 1929 Crash. Regarding gold, we've been bullish each mincing step of the way lately, but yesterday's dive was not difficult to foresee if you applied a simple Hidden Pivot rule. Notice in the
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