Just a heads up that a guy I’ve known of and respected for many years has been commenting on this post from Monday about the negative divergences to inflation: Not inflation friendly I note it because if one of the typical gold bug knuckleheads had shown up here I’d be disappointed. But a guy who goes his own way and calls it as he sees … Continue reading FYI, Rick Ackerman commenting here on gold (and Apple)
Big Tech is alive and well See? MSFT (I hold it) GOOGL (I don’t hold it) AMD (I hold it) AAPL (I hold it) And so on… Nobody knows the future, but as of today these Tech captains are fine. And it’s not just them. The Healthcare sectors are okay too. The market has recently rotated from the reflationary stuff to the steadier stuff that … Continue reading The news of big Tech’s death has been greatly exaggerated
Per the Trade Log… Take AH profit on AAPL as it bounces (post-earnings) to SMA 50, which was general target area as noted in NFTRH 536. With my fantastic artistic abilities I drew in the after hours candle at which point I sold. It was one of my less spectacular trades (GS, which was posted about previously, was since sold with a much bigger profit) … Continue reading ‘Bounce’ Profit on AAPL
An update to the December 24th look-ahead on AAPL. The first chart was a weekly linear scale view showing that a tap of the EMA 200 would coincide with a 62% retrace from the high. Here is the current view (click to expand) showing the EMA 200 having been tested this week. Here is the log scale view showing the trend channel. There was a … Continue reading NFTRH+; Apple Done 2 Ways (again)
AAPL (weekly chart, click to expand) done the linear scale way. The EMA 200 supported corrections in AAPL in 2013 and 2016. The stock is now approaching that moving average again, and it is in convergence with a 62% Fib retrace of the entire post-2015 rally. AAPL done the log scale way. A trend channel conveniently appears at around the 62% retrace shown above and … Continue reading NFTRH+; Apple Done 2 Ways
AAPL got way too hyped on iPhone 10 anticipation and broke its uptrend channel on the commotion. Upon release, AAPL has done nothing but decline in a classic ‘sell the news’ event. Now back in the channel, AAPL can be expected to eventually make its way back to the channel bottom and a clear shelf of lateral support. Pending the market view at such time, … Continue reading NFTRH+; Look-Ahead to a Future Buy Area on AAPL
AAPL is down 2.6% today, apparently with some pre-earnings jitters going on. This happened in AMZN last week as well. I know, because I was nonplussed while observing it. Understand that this update is for those who want to play casino patron ahead of earnings. As we know, the market can greatly reward or severely punish these marquee names on earnings. That said, here’s the … Continue reading NFTRH+ Trade Setup; Apple (AAPL)
A lower priority update looking at some constructive charts of non-precious metals items for anyone interested. These might be considered along side some of the semiconductor items we have been following.