ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
It seems Friday’s stalemate was indeed a demonstration of Apple buyers finally putting up a fight. Apple’s stock is still in a short-term downtrend, but the trading action has been electrifying almost the entire way down. The wild swings and near symmetry of the move downward are the kind of “art” that only a chart … Read more
After gaining as much as 55% this year, sellers have peeled Apple (AAPL) back to a year-to-date gain of 31%. Certainly much better than the average stock, but it still represents a large loss from the highs. An index that falls this much from highs is considered to be in a bear market! In my … Read more
On Friday, May 4, Apple, Inc. (AAPL) essentially filled its post-earnings gap up. It took another week for AAPL to retest support that had held in the days before earnings. The selling into that test formed a downtrend in April that Apple has yet to shake. This downtrend has been so persistent that Apple has … Read more
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are posted on twitter using the #120trade hashtag) T2108 Status: 35% VIX Status: 19.9% … Read more
On Friday, May 4, Apple (AAPL) dropped 2.9% in price and came within 5 points (0.9%) of closing its entire post-earnings gap up from April 25. During Monday’s trading, Apple’s low (at the open) brought the stock within one point of closing the gap. Click image for a larger view… Source: FreeStockCharts.com The post-earnings gap … Read more