Rally tomorrow from AAPL YHOO earnings? Its hard to find a reason for this market to be bought up past the recent highs though. Who wants to own stocks in this economy?!?!
I see some bullish signs in the market but, man, those inverse ultra's sure look like they want to break out not down. On the other hand, AAPL, YHOO, and VMW may well bring that breakdown about tomorrow.
sia/dan: people are not buying those earnings beat. Look at GOOG, it has pretty much done nothing for itself or the nasdaq since earnings. AAPL lowered guidance in q4, why is the stock up???? Don't even get me started on YHOO> they suck. I don't buy this phony prop job, it'll gap up but i think it'll peter out in the days to come. i will be watching these charts very closely in the days to come to see how it plays out.
catizzone: sorry i got lazy and didn;t comment on my charts. keep visiting this blog, you'll become a technician in no time! It's all about charts here. but basically, these charts are not bullish as of now, could change so need to keep watching closely.
If/when this market tanks again, what trades are you considering? SKF?
ReplyDeletei like those inverse etfs as vehicles to trade IF we start rolling over in the coming days. SKF looks like the best risk/reward here.
ReplyDeleteRally tomorrow from AAPL YHOO earnings? Its hard to find a reason for this market to be bought up past the recent highs though. Who wants to own stocks in this economy?!?!
ReplyDeleteI see some bullish signs in the market but, man, those inverse ultra's sure look like they want to break out not down. On the other hand, AAPL, YHOO, and VMW may well bring that breakdown about tomorrow.
ReplyDeletesia/dan: people are not buying those earnings beat. Look at GOOG, it has pretty much done nothing for itself or the nasdaq since earnings. AAPL lowered guidance in q4, why is the stock up???? Don't even get me started on YHOO> they suck. I don't buy this phony prop job, it'll gap up but i think it'll peter out in the days to come. i will be watching these charts very closely in the days to come to see how it plays out.
ReplyDeleteI always like your charts but I like your commentary and analysis. I am technically challenged! CCC
ReplyDeletecatizzone: sorry i got lazy and didn;t comment on my charts. keep visiting this blog, you'll become a technician in no time! It's all about charts here. but basically, these charts are not bullish as of now, could change so need to keep watching closely.
ReplyDelete