S&P 500 went up but dropped back during pre-market, showing uncertainty & no clear direction
S&P Futures important level @ 1754, economic data might help determine a direction
Watch 1754 but do not trade it as trading the news can be risky, although it's possible to win by buying if it stays above, selling if it stays below
Apple is expected to report earnings after the market closes today
Stock jumped from 525.96 to 528.90
Stock should close above 530 if investors' sentiment is bullish & they buy ahead of it
Look to buy Apple @ 530 if it stays above, for 30 minutes expiration & 4pm EDT end of day expiration
Merck's earnings beats estimates but sales & revenue missed expectations
According to analysts: "Merck sentiment continues to get really bad", "We continue to expect earnings disappointment"
Stock dropped from 46.54 to 45.50, possible resistance @ 46.0 but might be too high because it's oversold
Look to sell Merck if it reaches 46.0 & drop again, for 30 minutes expiration
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