AAPL Discovers Gravity

A quick update on AAPL, which has reached two of our downside targets today… As we discussed prior to AAPL’s earnings report [see: All Eyes on AAPL] the stock had a gap to close and 200 DMA to backtest.  The danger in reaching both targets was that AAPL would have to descend below the triangle … continue reading →

Charts I’m Watching: Nov 5, 2018

Futures are back to flat, having bounced a bit on the Iran sanction news as it provided a modest (so far) bounce for oil and gas prices.The market has a wait and see feel to it this morning, with AAPL breaking down further……but, the algos all but ignoring it, focusing instead on dollar strength (TNX … continue reading →

Mixed Messages

The headlines have been coming fast and furious over the last 24 hours.  First, Trump’s tweet yesterday morning regarding trade negotiations with China touched off a rumor, declared false this morning, that a trade deal was imminent. But, SPX soared yesterday anyway. Then AAPL’s earnings came out.  The numbers were underwhelming; and, the company’s announcement … continue reading →

Engineering AAPL’s Breakout

The big news yesterday was AAPL’s market cap reaching $1 trillion.  For chartists, however, the big story was the breakout shown below. It’s hard to overstate the importance of this move.  Just a few days ago, the stock had broken below a trend line dating back to April 27 and was retreating from its 2.24 … continue reading →

How Exposed is AAPL?

The longstanding rumor is that earnings will disappoint.  The more recent rumor — which has kept the stock on the rise all day and into the after-hours — is that the company will greatly increase the share repurchase plan and dividends. I have no special insight or inside knowledge about its earnings, unit sales, or … continue reading →

Update on AAPL: Jul 31, 2013

It’s not often I get the chance to plug a future competitor.  As some of you know, my son Kyle is helping me out this summer.  He will graduate in December with an Economics major and Personal Financial Planning minor from Texas Tech University in lovely Lubbock, TX. In addition to performing many rather thankless … continue reading →

Because We Said So (wait, what’d we say?)

Just as we were getting a tad nervous about simmering currency wars, the G-7 announces there are no wars — everything is fine. Then, a G-7 official announces that everything is fine except for the Japanese — who are obviously sort of fighting a little war (see Brainard’s endorsement of same…) From Reuters about 30 … continue reading →