Market Analysis
The Beauty is Only Skin Deep
Is there anything in the tech world more beautiful than the new Apple MacBooks? And the beauty goes way beyond the unibody design, with it’s rock solid feel and streamlined design. And the multi-touch trackpad that doubles as a button is shear brilliance. Inside it’s a triumph of engineering, simple yet elegant, and yes, truly beautiful. Yup, the MacBook is beautiful inside and out.
19Nov2008 | Zach Bass | Comments | Continued
Apple Investors Working From the Dregs
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Yesterday (Monday, November 10) morning futures were sparked from world markets being juiced on the China $600 billion plan, and we gapped up. Then the government released more details about the AIG plan, that brings the total to $150 billion! I guess at the outset [...]
Apple Bear Back Mounting
It was only two days ago that things looked a lot more crisp for Apple (AAPL). Everything on the daily charts was positive, good momentum to the upside, and a strong MACD. We were climbing the moving average mountain, as we made it well past the 20s and had the 50s in plain sight. There were definitely obstacles to overcome, but Apple was being fueled by it’s MACD and a strong positive divergence.
7Nov2008 | Zach Bass | Comments | Continued
Apple, Markets Say Goodbye to 20s
Although Apple started the trading session today on a down note, our favorite company rebounded and rallied into the close and plotted a bullish hammer, leaving it’s 20 Day Exponential Moving Average in the dust. The S&P and the Nasdaq followed Apple’s lead extending the distance from their 20 Day EMA as well. This was an important day for Apple and the markets, because not only did we say goodbye to the 20s, we did so with strong market internals.
5Nov2008 | Zach Bass | Comments | Continued
Apple, Markets Flat into Election
Apple and the markets stall before the elections, as volume sinks. Credit markets are easing as the LIBOR dropped for the 16th consecutive day, and the manufacturing index, the ISM, dropped to a 26 year low, but that didn’t seem to phase investors as much as it might have under normal market conditions, probably because volatility is pouring out of the market. And we have some near-term bullish news as there are head and shoulders forming on the 60s.
4Nov2008 | Zach Bass | Comments | Continued
Wilderness Investors Post Crash Outlook
I this episode I have to first recognize and pay homage to what was hopefully a once in a life time event, one that I wish none of us will ever have to experience again. And also recognize that it may not be over just yet. And with that I’ll share with you some good motherly advice, along with the concerns I have in last week’s rally, and why I’m optimistic for the near term.
2Nov2008 | Zach Bass | Comments | Continued
Apple Investors, Buy Signal is On Watch the 20s
Excellent action today! Apple (AAPL) blew through its 20 Day Exponential Moving Average yesterday (wednesday Oct 29), settled back down and used it to blast off again this morning. AAPL is definitely ahead of the Tech Sector pack. If I had to pick a sector to trade right now, it wouldn’t be Tech. Energy and Commodities look much better overall, however AAPL is the shining exception!
30Oct2008 | Zach Bass | Comments | Continued
What a Difference a Day Makes
While it’s true that Apple (AAPL) is our main focus in the Wilderness, it would be fool hardy to ignore any opportunity to make some hay, especially when it’s a clean cut setup like the one that produced today’s rally. The setup wasn’t with AAPL though, no, it was with the indexes, particularly the Nasdaq.
28Oct2008 | Zach Bass | Comments | Continued
The 2002 Bear Lows Blues
Well Apple Investors, I must say that things were looking pretty tantalizing going into the close today. It looked like there might be an opportunity for a quick 1 to 2 day trade setting up. There were all kinds of confirming indicators, like positive divergences on the RSI and MACDs of most of the indexes. And although the advance-decline line wasn’t spectacular, it had gone slightly positive going into the second half of the trading session. We haven’t seen that combination for quite some time.
27Oct2008 | Zach Bass | Comments | Continued
Apple Investors Nix the VIX
Apple is in a very nice position to deflect the wrath that has succumbed so many other companies. And why is that? Well it comes down to the magic triad; lots of cash, zero debt, and growing demand for its products. The only thing Apple doesn’t have going for it is dividends. But Apple more [...]
26Oct2008 | Zach Bass | Comments | Continued
Apple and Markets Too Hot to Handle
We spiked the VIX again today, and came just short of 80 this time, with today’s high coming in at a mind blowing 79.43! That’s the third time in the last two weeks we’ve blasted through 75 during the trading session.
When stocks are this volatile it’s virtually impossible to make a trade for any length [...] 23Oct2008 | Zach Bass | Comments | Continued
Apple and Market Analysis: When Leaders Don’t Lead
You’ve gotta love this game! Right is left and up is down! Well last night Apple reports blowout earnings, and then sandbags on guidance. Ok, no surprise there! But then, the world turned inside out, because Apple rallied!
I figured we rallied because Apple’s CEO, Steve Jobs, cast a spell over the audience as he pumped [...] 23Oct2008 | Zach Bass | Comments | Continued
Apple Investors Stymied by Indecision
Let’s get something straight before moving on, Apple and the markets are in a strong downtrend, as if that was not already tacit knowledge, and they are setting up into a Bear flag or pennant pattern. Well that’s a big surprise! Sorry for the sarcasm, but is there even a ray of hope? Well, yes, [...] 19Oct2008 | Zach Bass | Comments | Continued
Apple Investors We’re Two-Thirds of the Way There
We’re two thirds of the way towards capitulation. Unfortunately with capitulation, as the name implies, is total and absolute, it is surrender, defeat, laying down ones arms, showing the white flag, throwing in the towel. You can’t throw the towel two-thirds of the way into the ring, can you? Of course not!
So, what do I [...]
How Low Will Apple Go?
Disclosure: Cash
Please note that I’m not asking if Apple will go lower, I’m asking what is the lowest you could possibly imagine that Apple’s stock price will go. Do you think we’ll reach last week’s low of $85, or will we shoot past $85? Perhaps you believe that we’ve already reached the bottom, and that [...]
Will Apple Get Lift From IBM Profit?
Disclosure: Long
It’s an odd question to ask, but the Tech Sector is desperately seeking a leader. And Apple, who once held that station, has so far been unable to deliver. Has IBM assumed that leadership position with their impressive 3rd quarter profits that not only beat the street, but reaffirmed their 2008 guidance? The Crackberry [...]
Looking Forward to Apple Earnings and Guidance
Disclosure: Cash
It’s earnings season my friends. Most of the S&P 500 will be reporting in the next 2-3 weeks, including our beloved Apple. Last night we had Bank of America (BAC) report a 68% drop in net profits and announced they will cut dividends by half! Tonight (Tuesday October 7) Alcoa (AA) reported a 52% [...]
Apple Investors, the Bottom Is Not In Just Yet
Disclosure: All Cash
Fear is the word often used on the day of capitulation, but that’s not what we experienced today. No, not fear, but panic. That’s right, out and out panic! What’s the difference you might ask? Well with fear, contrarians are looking for those sentiment indicators that the market is nearing a bottom. The [...]
Apple Investors Forget the Bailout, Just Bail Now
Disclosure: All Cash
Friday was an important and telling day. All hopes by retail investors were pinned on the Bailout passing Congress. We were told that without the Bailout we were doomed. Well, the market rose initially in anticipation of the bill being passed, and then when word can down that it was passed, the market [...]
Investors Closing Bell is All that Kept Apple Above 100
I called my dad around 2:20 p.m. today (Thursday Oct 2) and told him I’ve got a bad feeling, “Get out of the market now,” I said. ”Where am I going to go, why what’s up?” he asked. It isn’t what’s up, it’s what is about to go down. I’m getting that sinking feeling. Right [...]
2Oct2008 | Zach Bass | Comments | Continued
