There’s no doubt that Apple Investors are both disappointed and frustrated that their favorite stock hasn’t realized its full price potential after kick-ass earnings back in October. That frustration was compounded last week with an unusual downgrade from Needham analyst Charlie Wolf.
Mr Wolf downgraded AAPL to a Buy from a Strong Buy for what he [...]

Futures are flat this morning, as investor await the start of Earnings Season! It won’t be pretty, as I’m sure you’re aware. Investors are going to be looking for something better than “Better than expected but still bad.” They’re going to be looking for surprisingly good numbers, in order to get above the critical support [...]

Damn if I know where this market is going. One thing is for certain though, all the indexes are still below their 50 day exponential moving averages. And as I stated a few days ago, the longer prices stay below the 50 day EMA, the more difficult it will be for the Bulls to mount [...]

Well, it’s a trifecta! All three major indexes, the Dow, the S&P, and now the Nasdaq, are below their 50 day moving averages. The tech-heavy Nasdaq was the final holdout, and it took most of the day to lose its 50, but when it did, it did so convincingly. [Click the Image to Enlarge]
With all [...]

Yesterday I talked about the potential double top on both the Dow and the S&P, otherwise known as a head and shoulder pattern. It really looked ominous, with a well defined neckline of support. On the Dow that neckline set up at a slight angle of ascent, with the left shoulder at 8200 and the [...]

It’s been quite a while since my last blog entry. Almost six months. But I haven’t been idle, as I’ve been pumping out morning pre-market reports for the past nine months. Well things have changed in my schedule, and so I’m back to writing in the evening. That’s a good thing, at least for me. [...]