GBP target is around 1.5970, however we do plan to average in once on this trade around 1.5900. For ES decided to buy 1 more SPY 117 put, I think this will also act as a hedge against the GBP going down, however it has been going up since I went long. GBP stop is around 1.5870.
What drove the market into a tizzy just now? AAPL? Geezus, I didn't know AAPL wielded so much clout. Plus, as far as I can tell from my own myopic views, they shattered both top and bottom lines. So what gives? Anyway, AFAIK, not even the idiots at Goldman Sachs could push the index like this--especially in AH. This market is one sick puppy. Bubble 2000 mentality all over again.
aapl and ibm blowout reports were built into the mrkt, buy the rumor, sell the news goldie was shorting it all day http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html?mod=mdc_leader