ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on April 23, 2012. Click here to read the entire piece.) If recent history has any relevance to the upcoming (and much anticipated) earnings announcement on April 24th from Apple (AAPL), odds favor a very positive reaction the following day. I generally … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on April 19, 2012. Click here to read the entire piece.) {snip}…selling in the stock is accelerating as Zynga wipes out all of its post-Facebook gains and retests its $10 IPO price. If Facebook is a $90B company, then Zynga’s 12% share … Read more
With each passing day in the April downtrend, Apple’s stock chart gets more and more interesting. Today, Apple (APPL) almost pounded out a hammer. Given the final resting point on the 50-day moving average (DMA), I would throw caution to the wind and call today’s pattern a hammer, but I am showing some deference to … Read more
It now looks like Monday’s deep dive in Apple (AAPL) may have indeed represented a crescendo of selling. The buyers finally showed up in Apple after taking a five-day hiatus. The results were just as impressive as ever when buyers step up for more bites of Apple. It looks like Apple’s reawakening is Apple’s revenge. … Read more
Apple (AAPL) has had a rough five days. The stock has sold off for five straight days on very high selling volume with losses increasing the last two days. The 9.7% loss pales in comparison to the year-to-date 43% gains. However, this recent selling is just as ominous as the last topping pattern Apple printed … Read more