All Posts Tagged With: "VIX"
Apple (AAPL) Not Immune from Retest of Lows
Yesterday’s decline was very telling. A lot of people got very excited over the market 20% gain last week, and Apple’s 12% gain. But you must know that even though it was spectacular, all it did was set us up for yesterday’s (December 1) huge sell-off. And more importantly for the impending doom to come.
This [...]
Apple Falls Flat, Market Rebounds
This past week will live on in infamy, unless this is just a warm up for the big show. That’s because this past Wednesday (November 19) we broke through the support level that had been holding this market up since our first monumental drop in late September, early October. Since that time we’ve been [...]
23Nov2008 | Zach Bass | Comments | Continued
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 are Dead, Long Live Investors
The Trader is dead, long live the Trader. This is my official proclamation now that this Bear market has finally proven to us all that it is futile to trade this market. Technical Analysis, economic reports, historical data, they all have little to no meaning while volatility is sitting above recent historical highs.
16Nov2008 | 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
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
06 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.
23Oct2008 | Zach Bass | Comments | Continued
02 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, there is. But that ray is carrying some pretty low candlepower, and the hope is only for the near term.
19Oct2008 | Zach Bass | Comments | Continued
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
Apple Investors Be Patient the Volatility Must End
If you have a weak constitution or low tolerance for pain, then I suggest you stand clear of the markets until the congressional hearings are concluded and we have the basis for a plan. The fact of the matter is that the markets are effectively on hold until there’s a resolution.
Since the bailout was announced, [...]
Apple Investors the Bear has Commodities in its Teeth
The conventional wisdom says that so long as Oil is breaking down, that’s got to be great for the rest of the economy. Right? I mean Oil is heading for double digits. That’s got to mean lowered inflation, easing at the gas pump, and more affordable home heating oil, especially with the colder months approaching. [...]
3Sep2008 | Zach Bass | Comments | Continued
Apple Dead Last in Exploited Horse Race?
By most accounts today’s action was encouraging. After an initial rough start, the markets soared into the close. Most investors were expecting a bounce at some point, it’s a normal occurance in a Bear market as stocks get oversold and fear peaks. So, how was this Bear rally different from those that came before? The short [...]
16Jul2008 | 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 Positioned to Take Olympic Gold
By the end of the summer of 2008 Apple will be in position to grab gold in the Desktop and the Mid to Hi-end Cellphone events. It’s all coming together for Apple, from the economic cycle to the Beijing Olympics. And I’m going to explain how it might play out, but first there’s a bitter pill that must be swallowed.
28Jun2008 | Zach Bass | Comments | Continued
