April 22, 2013

Quarterly earnings from Apple for the three months ended March 30 come out Tuesday after the market closes.  Unlike in prior quarters, there is not a high probability scenario that can be laid out with any degree of confidence ahead of earnings.  Acting on Apple stock ahead of earnings this quarter is a fool’s game.

Here are my seven reasons:

1.) Sentiment on Apple is negative.  According to the indicators I watch, negative sentiment is at a level which usually leads to a strong move to the upside.  I have backtested 3000 U. S. stocks and 1000 international stocks going back to 2007 and in some cases going back 30 years.  … Please click here or the title below to read more.