I don’t know yet what Europe will do as London’s (FTSE 100) that I watch is not open yet. But China is down -1.91% and S&P 500 futures (/ES) are acting quite weak. Unless some news come out of EU we’ll have most probably weak Monday.
After the jobs report on Friday, optimism in quick recovery will probably wane somewhat. However technicals on markets (3 months DIA, SPY, QQQQ) do not look that bad. So it is going to be turf war between longer term economic data fundamentalists and shorter term technical traders. This will probably create a lot of non-directional choppines. Probably the best thing before doing anything is to wait for DIA/SPY to cross bullish on 3 months stochastic.
I am thinking oil could help markets to recover a bit as it is way too oversold. There are some news that BP was partially successful to cap containment. If they announce they managed to contain the problem, it could be the catalyst for oil stocks/etfs to gain.
AAPL is technically at the same position as market ETFs. Probably the best thing when going long will be to wait for 3 months stochastic to cross bullish.