The markets are roaring higher today ahead of Apple Inc. (NASDAQ:AAPL). This will be a big report for the whole technology sector. In addition, Friday morning Wall Street will get the GDP number. This will be the major economic report of the week. Since last Thursday's low, the markets have soared. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has jumped from $153.50 to a high today of $157.88. ....
AAPL Elliott Wave Technical Analysis - 11th March, 2013
Last analysis expected price to move lower with an increase in momentum. This is not what has happened. Price moved higher past the first invalidation point on the hourly chart, but has remained below the second invalidation point and within the parallel channel on the daily chart.
The wave count is mostly the same. I am still expecting that an increase in downwards momentum with new lows is likely over the next few days for Apple.
Click on the charts below to enlarge.
AAPL Elliott Wave Technical Analysis - 7th March, 2013
Apple Inc. (NASDAQ:AAPL) is trading at $444.88, -4.09 (-0.91%) while the S&P 500 (INDEXSP:.INX) surges 1,512.81, +15.87 (1.06%). This shows major weakness in the stock, signs it is highly likely to go lower. The key supports on the daily Apple chart remain $421.00 and $395.00. The daily chart is almost forming a solid bearish base. ...
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Trade Lesson: Monitor Relative Strength And Weakness For Profits
When looking at stocks, always take note of two things. First, look to see how the market is behaving. Is the market strong or weak? Second, analyze the strength or weakness of any one particular stock. More often than not, you can tell the future stock movement by doing these two simple steps. ...
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Originally published at “long-term-investments.blogspot.com”. Kenneth Fisher is an American businessman, founder and chairman as well as CEO of Fisher Investments, a money management firm headquartered in California. Fisher writes the monthly “Portfolio Strategy” column in Forbes magazine. Ken Fisher is one of the richest Americans and part of the Forbes 400 list of world billionaires. Funds run by Ken Fisher at Fisher Asset Management were valued at USD 34.91 billion.