In the January 24th post titled AAPL Approaching Trendline Support, I had made the case for a correction in one of not the most beloved stocks right just before the climax of one the most powerful rallies in years while posted the first daily chart below stating the following: Whether the initial reaction following earnings [...]
Member @raider74 asked for an update on AAPL (Apple Inc.) within the trading room & as Apple is one of the most widely held & followed stocks, I figured that I'd share my thoughts here on the front page for all to see. In this post from January 24th, I highlighted the fact that AAPL [...]
AAPL (Apple Inc.), the largest component of both the Nasdaq 100 & the S&P 500 has been lagging behind the broad market in recent days. More importantly, the stock is approaching the apex of this bearish rising wedge pattern, complete with negative divergences on the momentum indicators. With the stock scheduled to report earnings after [...]
Technical analysis on the Nasdaq 100, including the market leading FAAMG stocks, followed by analysis on the semiconductor sector via SOXX, INTC & NVDA.
Technical analysis on the US stock market & a few sectors that stand out at this time. The video begins with an overview the stock market followed by /ZG (wheat futures), WEAT (wheat ETN); the energy sector via XES, XOP, HAL & CPG; concluding with an update on XBI (biotech sector ETF).
Since the first 3 of the FAAMG stocks (AMZN, MSFT & GOOG) reported earnings after the market close last Thursday, those leading stocks (in green) have posted the following gains as of yesterday's close: FB: +5.40% (reports after the market close today & currently indicated to gap up another 1% at the open today) AAPL: [...]
Technical analysis on the U.S. stock market, select sectors that stand out as well as gold, GDX & the US Dollar. Covered in the following order are the outlook for the US dollar, gold & the precious metals sector via EUR/USD, /GC (gold futures), GLD (gold ETF) and GDX (gold miners ETF); the near-term outlook [...]