The stock market’s state of agitation stretched into another day, with the broad averages unable to sustain loft on either of two rally attempts. Bears didn’t have much success either, although the feeling grows that they will soon have their day if stocks don’t demonstrate some pluck. Apple remains the wild card, although yesterday’s $2 gain at the peak was disappointing when measured against the $7 decline earlier in the week. We’ll look for jackpot plays in the chat room Friday morning before the opening, and my gut feeling is that the opportunity will come, if it does, from shorting into feeble head-fakes in the first 30 minutes of the session.
