S&P 500 Large Cap Index showing support at 200 day ema and resistance at 20/50 day ema
So does a whole weekend quell the fears of investors over a looming Euro financial collapse? Well, at least the talking heads on CNBC are saying that. But the problem didn’t go away, the talking heads and the “pundits” are still high from the spectacular come back the markets achieved after facing near annihilation by touching the 200 day then springing back up, printing what appears to be a Hammer candlestick (see description below). A trading range looks to be forming between the 200 day exponential moving average below and the 20/50 day moving averages from above.
[click image to enlarge]
Was it the Jobs report that says the unemployment rate dropped, even though more people are out of work, or was it the barrage of great earnings reports from companies that are improving their bottom line by letting go of half their work force? [read more…]
All my adult life I’ve been a rabid early adopter. I’m a technology hound, sniffing out the latest and greatest. And it all started with Apple, way back in 1978, when I bought my first Apple computer, the Apple IIe. Apple lit my gadget fire, and they’ve never disappointed. Early on it was all Apple, as my next system was the Lisa, then the 128K Mac, two days after it was introduced back in 1984. Then I moved my interests to all manner of consumer gadgets.
Over the years I’ve bought nearly every Apple computer, and every significant Apple technology within days of being introduced. The streak came to an end with the original iPhone. I had 4 months left on a contract with Verizon. It would have cost me big bucks; $175 to break the contract, plus the cost of the iPhone at $599, and a new contract – it was hard to justify. I was tempted by the $100 rebate for early adopters, but my wife, the bill payer, coerced me to use my better judgement and to hold out just a little longer. [read more…]
Apple has introduced what is essentially a giant iPod Touch. There’s NO Camera! ARG! And AT&T is the carrier, but there’s no need to sign a contract, it’s month to month for 3G access, but no real need to use 3G because it’ll work with WiFi and is free on AT&T WiFi hotspots.
Please don’t take [...]
We’re all itching to find out, and you can watch LIVE, right here, on the AppleInvestor website! Just Click the Apple Media tab above! The event starts at 1 p.m. EST. And coverage will be broadcast live from the Yerba Buena Center for the Arts in San Francisco.
It may take some time for investors to recalibrate their spreadsheets, but Apple has another blowout quarter, and adopts the new nonGAAP accounting. Also, Apple has revised all statements back to 2007, thus TTM earnings and P/E will be as if subscription accounting had never happened. There’s speculation that this accounting change may point to [...]
In order to confirm a trend reversal, you need to watch for the behavior of the indicators over a few days following the initial move. In this video I explain what to look for, in either the case of a reversal, or a pause in the action.
Everyone is speculating over the name for the mythical Apple tablet computer that may, or may not, be iSlated for introduction to the world on Wednesday, January 27th, at the Yerba Buena Center for the Arts in San Francisco, a space Apple often uses for media events.
The most popular names that have been floated around, [...]
