The Wrap 4/30/12

{+++} The S&P traded off a little bit today as the market put some technology stocks in the wood chipper. AAPL got clubbed again and GOOG was off about $ 10 and lost its 10 day moving average. Just so you know, the 50 day moving average is about 580 for AAPL. We’ll see if [...]

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The Wrap 4/26/12

{+++} Maybe energy is ready to go higher. As you an see in the chart above the white downtrend line was broken through on Thursday. That is bullish, you may also take note that the MACD on the bottom of chart has turned up, (blue line curling up through the white line). Volume is also [...]

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The Wrap 4/24/12

{+++} Congratulations to all of you AAPL players that stuck with your convictions, blocked out the negative noise and hung in there. You deserve it. Anyway, in case you were off the planet today, AAPL closed on the horizontal blue line (560) and closed in the after market at the white line around 602. A [...]

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The Wrap 4/23/12

{+++} Well guess what? That 1357-1358 level (red arrow) was tested today. This is what I have said would be the first level of support. The S&P tagged that level as it broke the white uptrend line that we discussed on the video last night. However, it did mange to bounce and regain the trendline. [...]

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The Wrap 4/18/12

{+++} The box in the chart above is basically our trading range. A lot of money can be made in that range both long and short. We may need to bounce around in this range for a while, maybe until earnings are over. So far, earnings have been just OK. IBM and INTC  failed today [...]

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