Chart Review: Apple Breaks First Critical Support As Downtrend Continues

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 Update (May 10, 2012) – Still Clinging to the Edge

(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

Apple Continues Tendency To Reverse Post-Earnings Gains

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

Calling An Audible On Amazon.com Post-Earnings Play: Buy the Dip, Not the Open

(This is an excerpt from an article I originally published on Seeking Alpha on April 27, 2012. Click here to read the entire piece.) After Amazon.com’s (AMZN) last earnings at the end of January, I recommended buying the stock (or call options) right at the open based on historical trading patterns (see “Why Amazon.com Was … Read more

The Odds Deliver As Post-Earnings Apple Breaks April’s Downtrend

(This is an excerpt from an article I originally published on Seeking Alpha on April 27, 2012. Click here to read the entire piece.) Ahead of Apple’s (AAPL) earnings on Tuesday, April 24, I wrote the following {snip} I went on to demonstrate the strong relationship between Apple’s average price change two weeks ahead of … Read more

The Odds Favor Big Upside from Apple’s Fiscal 2012 Second Quarter Earnings

(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

Time to Buy Zynga Ahead of the Facebook IPO

(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

Chart Review: Apple “Almost” Pounds Out A Hammer

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

Chart Review: Apple Tops Out….Again

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