All Posts Tagged With: "Nasdaq"
Apple Investors Can We Expect a Retest of the Lows?
I suspect most of the readers here would rather I had titled this post, “How High can We Go?” or “The Shackles are Off, Apple Full Steam Ahead!”, am I right? Or for the realist perhaps I should have used the word “Should” instead of “Can” because I think after last weeks events we all [...]
21Sep2008 | Zach Bass | Comments | Continued
Apple Investors We Got Our Wedgies
What a great day in the market yesterday (August 28) if you’re a Bull, as all the major indices broke out of their respective wedges, and to the upside! Much of the advance can be attributed to the surprise GDP numbers, revised to 3.3$ growth, and improving Jobs environment. Strong performances all around, in almost every sector, [...]
29Aug2008 | Zach Bass | Comments | Continued
Apple Investors, No Passion - No Conviction, Just Pussyfooting Around
We’re getting to that time of the year where volume historically drops off, and the action is light. As an investor this is a frustrating period because you want to commit, you can see the setup, but neither the Bulls nor the Bears have the guts to take the other over line. So all you [...]
27Aug2008 | Zach Bass | Comments | Continued
Apple Investors, Capital Preservation First Maximum Profits Second
I’ll be the first to admit that in the last couple of weeks my technical analysis has been all over the map in terms of near-term market direction. My long-term is solid, the markets look good after Labor Day and in the coming months. But today put a little shiver in me, even with the [...]
25Aug2008 | Zach Bass | Comments | Continued
Apple Investors Market Internals Tell the Brutal Truth
So, yesterday I led with the idea that the bounce wasn’t so great, that there may be some residual bounce left in the markets to truly unwind the oversold conditions. And yesterday (August 21) the market was propped up by commodities and energy. Financials are still tanking, transports took it on the chin with the [...]
22Aug2008 | Zach Bass | Comments | Continued
Apple Investors Got Bounce but Time to Resume Downtrend
Well we got the bounce I spoke of yesterday. It wasn’t the greatest bounce, and may not have unwound those oscillators as much as one would like. So it’s possible there may be some more kick left in the markets and AAPL before we continue the sled ride down. But the mortgage crisis is weighing [...]
21Aug2008 | Zach Bass | Comments | Continued
Apple Investors the Rally is Over
Monday (August 18) I wrote a post saying the market was coming to a point of decision, that we needed to take an intermission to evaluate the possible directions it could take. I declared this time for reflection because a break down of the nearly two month uptrend, started off the June lows, was becoming a growing possibility, and thus deserved our full attention.
20Aug2008 | Zach Bass | Comments | Continued
Apple Investors the Market is Confused
All this up and down, day after day, it’s really making me dizzy. One day the market is up, the next day the market is down. And for a while there, the ups and downs had some rationale, first it was the pressure brought upon us by housing, then Oil, then banks. But today we [...]
14Aug2008 | Zach Bass | Comments | Continued
Apple Investors, When You Come to the Fork in the Road, Don’t Take It
I know I’m going to sound like a broken record. I could give the same report I gave yesterday. Apple and the Tech sector are leading the way, while the S&P and the Dow are going down the tubes. It appears that the big money wants to punish the big caps and rotate their money [...]
13Aug2008 | Zach Bass | Comments | Continued
Apple Investors, the Bull is Back
After Thursday’s beating it looked the the Bears had taken a stand to put an end to this reversal off the bottom, capitulation day, that ensued back in mid-july. Banking, Jobs, and Earnings were all putting incredible pressure on the Bulls, and it looked like they were cracking after the indices lost critical support levels.
But [...]
Apple Investors Get that Dry Powder Ready
Check out the $BKX, the Banking Sector, it was down 5% ! This was primarily due to AIG and a 30 year Treasury auction. AIG took massive losses and was down 18.05%, WOW! This is going to get the talking heads squirming.
The Naz just barely was able to hang on to support yesterday (August 7) [...]
Apple Investors Stuck in Channel, Moving Sideways
This is a tough call for swing traders and investors looking for an entry point right now, because there’s no conviction either with the Bears or the Bulls. But if you had to give it up to one of them, you would have to give it to the Bears. They have the downtrend on their [...]
3Aug2008 | Zach Bass | Comments | Continued
Apple Investors, Screws are Tightening
I hate to be the bearer of bad news. I simply can’t bear to watch what is happening out there, we’re barely hanging on by the skin of our teeth. I can list dozens of reasons why I hate bear markets, but the biggest is that it makes me feel on edge, nervous, ill at [...]
5Jul2008 | Zach Bass | Comments | Continued
Apple Investors have Fear to Look Forward to
This post carries forth a theme from several of my posts this past week, and that’s the need for fear in the markets to spur a reversal from this downtrend. Fear is synonymous with negative sentiment in the Technical Analysis lexicon.
So, Friday AAPL made a nice push off its low of 164.15. And so did [...]
Apple and Rim Fall in After Hours, Futures Show Lower Open
RIMM missed by 1 penny, and dropped 9% in after hours, they also provided muted guidance and warned that they’ll miss next quarter. This is the penalty a company must pay when they have such a high PE, investors expect nothing short of perfection and RIMM fell short, unforgivable. Apple lost over $2 in the [...]
26Jun2008 | Zach Bass | Comments | Continued
Apple Investors Hopes Dashed as Bounce Fades
Apple investors were really looking for a bounce today, with the hopes that it would be a strong impulsive move up, and reverse the MACD which was pointing straight down. When the session opened, AAPL movers and makers quickly tested 172 today as we predicted (actually bottoming out at 171.56).
24Jun2008 | Zach Bass | Comments | Continued
Apple Investors Come to Grips with Reality
The past 3-4 days I’ve been preaching caution, to go light. As the week wore on, I suggested just sitting on the sidelines until the smoke cleared. Well, there’s no denying it now that the flames are building. The S&P and Dow are unable to defend important support levels.
21Jun2008 | Zach Bass | Comments | Continued
Apple May Be Temporarily Caught in Market Downtrend
From a broad market perspective, gains yesterday should be looked at with the overall market condition in scope, as the market internals tell a very different story. We had the major indices flat or in the green, but decliners overshadowed advancers by a 2 to 1 margin, you’ve gotta step back and say, “that ain’t [...]
11Jun2008 | Zach Bass | Comments | Continued
Apple Unveils 3G iPhone, Trader Outlook
This Monday, Apple’s CEO Steve Jobs unveiled the 3G iPhone to the world, and at a much lower price point than previous versions; $199 for the 8 GB version, and $299 for 16 GB. The new phone has a minimalist set of features compared to conference attendee’s expectations, which includes built-in GPS. The new iPhone [...]
9Jun2008 | Zach Bass | Comments | Continued
Apple to Lead the Way in Tech Sector
AAPL and the Naz are leading the markets. It is clear that the big money is rotating towards Tech. The Dow and the S&P are having a tougher time hanging in there. The reality is if the S&P and Dow falter, the Naz will strain go it alone. It can go kicking and screaming, ultimately two against one [...]
5Jun2008 | Zach Bass | Comments | Continued
