All Posts Tagged With: "S&P 500"
The Bear Rally is Over Part 2
One week ago I posted that this bear rally was coming to an end. Actually the post was intended to be a scathing review of a few Apple analysts that are doing a disservice to investors by inventing this cloak of invincibility around Apple. Well, no company is safe in this market, least of [...]
19Dec2008 | Zach Bass | Comments | Continued
Apple Investor Still Alive
My last post used the word immune in the title. I don’t know if that was prophetic or not, but the fact is that I wasn’t immune to the nastiness I have endured over the past 10 days. I’ve had and still have pneumonia. Fortunately, with the help of bed rest and really strong antibiotics, [...]
10Dec2008 | Zach Bass | Comments | Continued
Apple Investors, Three Times is Not a Charm
I’ve always tried to be a straight shooter, tell it like it is. And sure, I find it fun to mix a little irreverent humor in with the story, to liven it up a bit, and break down communications barriers. But I’d be hard pressed to find any humor in what I’m going to report [...]
20Nov2008 | Zach Bass | Comments | Continued
Apple Investors Fasten Your Seatbelts, Put on Your Crash Helmets
What are the ingredients for a very sick market? Let’s start with the lesions on the surface, like a commodities bubble burst, total financials breakdown, anemic tech sector, and a housing fiasco. Now let’s combine that with the following deleterious symptoms like big volume on down days, gap ups finished off by black candles, and [...]
10Sep2008 | 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, Extremely Low Volume, But That’s a Good Thing
Before we get started with the analysis I need your opinion. Did AAPL and the markets simply throw a head fake last week? Was losing critical support just a temporary blip on the path to higher prices, or are we backtesting that uptrend established over the past six to seven weeks, only to fall under [...]
24Aug2008 | 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, 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 Need to Get a Grip
I declared the Bear market over yesterday, and that the bottom was 1200 on the S&P, that hasn’t changed. Today (July 24) was a rough day, no doubt. And if you recall my words from yesterday’s blog, I said there would be days like today. I just didn’t expect it to happen so soon, I [...]
24Jul2008 | Zach Bass | Comments | Continued
Apple Investors Take the Bitter with the Sweet on 3G iPhone Eve
Stock trader jockies had to love today’s market action. Man it was exciting! Investors of AAPL on the other hand, on the verge of a defining moment in their beloved company’s history, had to have their stomach in their throat! The last thing they want is to swallow a bitter pill when they should be enjoyi the sweet taste of success.
10Jul2008 | 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 Investors, No Fear is Not Good
AAPL took a beating today, due mostly to it’s association with RIMM, as one of the leaders of Tech. RIMM broke a perfect record with earnings that missed consensus by just 1 penny, but it was the poor guidance for the next two quarters that got investors reeling. The street thinking is if the darling of Tech [...]
26Jun2008 | Zach Bass | Comments | Continued
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
