The Svengalis who control the stock failed on Friday to gap it above any previous peaks on the hourly chart, so I’ve hoisted the yellow flag. It is unusual for them to miss in this way, but we should never count them out, since they have mastered the trick of pushing the world’s biggest-cap stock sharply higher on little more than hot air. It would take a fall all the way down to 189.63 to generate a bearish impulse leg on the hourly chart, but until such time as that happens there is little justification for having a strong bias in either direction. ______ UPDATE (Aug 3, 9:28 p.m.): Earnings out after the close were strong, but it was the punk outlook that caused a perverse leap to as high as 196.  It is the after-hours low at 185.00, however, that will likely set the tone for the week ahead.