Apple Inc Accomplished Record New Price of 52 Weeks - NASDAQ:AAPL
Apple Inc (NASDAQ:AAPL) along with its subsidiaries is engaged in designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and sells a range of related software, services, peripherals, networking solutions, and third-party digital content and applications.
Was Friday’s Price Action in Gold Signaling a Top in the S&P 500?
Friday morning traders and market participants awaited the key January employment report from the U.S. Bureau of Labor Statistics. The reaction to the supposedly wonderful report was a surge in the S&P 500 E-Mini futures contracts as well as several other key equity index futures.
A golden cross occurs when a market’s 50-day moving average crosses above its 200-day moving average. We believe conditions have improved since central banks have cranked up the printing presses, which means the recent “golden cross” in the S&P 500 may turn out to be golden for investors.
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The markets put in a key pivot top this week. The master $133.30 on the SPDR S&P 500 ETF (NYSEARCA:SPY) was hit. This was the target for the end of the January move, prior to a pull back. Sure enough, the markets have started pulled back. Today, the S&P 500 is floating flat to slightly lower. Flat is normal on a Friday when volume dies out by 11AM ET.
The markets pushed into the master $133.30 level on the SPDR S&P 500 ETF (NYSEARCA:SPY). This level was given to members weeks ago as the probable short term top on the market. Sure enough, this level was hit early in the trading day and the markets reversed immediately. Obviously, shorts were taken and are in the money already. A negative close today would solidify a short term market top.
Will the Euro Collapse?
Trading a true currency collapse is a rare opportunity. Most
market participants are familiar with the story of George Soros
and his ride to prominence on the back of the collapse of the
British Pound. Is it possible that a similar opportunity may
You could hear the cheer from CNBC commentators as Apple Inc. (NASDAQ:AAPL) reported monster earnings. This truly was a great earnings report. The jubilation started in the media and spread to the little investor. Proclamations of 1380 on the S&P 500 were constant along with "tomorrow" will be a monster up day in the markets.
Verizon Wireless (NYSE: VZ) may be able to commiserate with Charles Dickens ever popular adage, “it was the best of times, it was the worst of times.” The company sold a record-breaking 4.2 million iPhone's in its fourth quarter, not to mention the plethora of other “i” products it moved throughout the holiday months.