Celtics Look Like a Championship Team, and I Was the Birthday Boy. Not a Bad Day… Maybe Someone Will Get Me a new Toy So I Can See What The Whole AAPL Hooplah Is!

Morning Outlook

It is a pretty quiet day so far on the Street, unless you are a tech company feeling the effects of Apple Inc’s blockbuster quarter. Tech is the only sector up this premarket as futures are trading slightly lower. Dow Jones industrial average futures are down 23 points, or 0.2 percent, to 11,051, while Standard & Poor’s 500 index futures fell 1.30, or 0.1 percent, to 1,204.10. The tech heavy Nasdaq 100 index futures climbed 6.25, or 0.3 percent, to 2,030.50. Another day void of economic data, but that will change starting tomorrow. This earnings season has been crazy, and I think the market is setting up for a perfect short once it ends. The EIA will release its inventory report for crude this afternoon, so any action in the commodities market could move equity sectors. But so far, pretty quiet morning.

We saw slight gains across the board on the Street Tuesday (monster gains in chat ) as we got fresh earnings data to kickoff the week. Fears over expanding legal action against major financial institutions subsided around the overall market. The blue chips gained 25.01, or 0.2 percent, to 11,117.06. The Standard & Poor’s 500 index rose 9.65, or 0.8 percent, to 1,207.17, while the Nasdaq composite index advanced 20.20, or 0.8 percent, to 2,500.31

On the Corporate Front

Apple Inc (AAPL) had a ridiculous quarter, just that simple. Earnings rose to $3.1 billion, or $3.33 per share, from $1.6 billion, or $1.79 per share in the same period last year. Revenue rose 49 percent to $13.5 billion from $9.1 billion in the year-ago quarter.Crazy top and bottom line growth.

I am not going to lie, I don’t own any AAPL products, but here stuff looks cool, is extremely innovative, and I can’t wait to see what they have in the pipeline. Just when I thought everyone had an iPhone, they went ahead and sold another 8.8 million of them.

Currencies and Commodities

The dollar fell 0.1824% at 93.05 yen in the currency market. The euro depreciated 0.4729% at $1.3371 while the pound gained 0.1987% to $1.5389. Gold advanced $1.70 at $1140.90, while silver tumbled 0.34% at $17.76. Light, sweet crude for the new front month June contract was unchanged at $83.85 on the NYMEX.