Unlike the E-Mini S&Ps, AAPL peaked in early February without having exceeded October’s ‘external’ high. This means the entire rally from the January low at 124 is not impulsive. In that context, last week’s surge, which ended with a 3.5% gain on Friday, should be regarded as a bear tease. If I had to pick one vehicle or the other as representative of the stock market’s potential over the next 3-5 weeks, I’d go with the laggard AAPL. Since subscribers seem uninterested in trading this vehicle (except when I serve up a profitable day-trade in the chat room, as occurred a couple of weeks ago) I’ll say no more for now. Do nudge me in the room, however, if the stock does something to catch your attention.