In the Habit of Playing Great Defense

While the earnings gap higher, which is holding impressively thus far, is quite exhilarating indeed, there are also plenty of other stocks like Apple, seen on the hourly chart, below.

Even though Apple is still in a long-term uptrend, even an intermediate-term one, you can see the significance of staying tight with risk when it comes to trading short-term. 

Note the lack of clear trend on the timeframe for a while now, with Friday's weakness snapped up by buyers for a move back to the top of the range in front of earnings next week. 

Incidentally. Treasuries are also int he same boat, with TLT rangebound for a while now without any type of break.