As new-year pension money pours in, the stock market is screaming higher today. The true test will be when the very short-term oversold condition is relieved. In spite of today’s rally, the first three days have a major significance that investors should pay attention to. On the first day of
Wednesday was supposed to be the glory day for Apple. After seven years of negotiations, China Mobile was supposed to announce an agreement to carry Apple’s iPhone. So far, there is no announcement, but the announcement may come later. The real reason Apple is falling is not China Mobile, but
It is time to take partial profits, especially on short-term trades on Apple AAPL and its supplier Avago. In the case of Apple, China Mobile CHL is likely to officially announce tomorrow that it will carry iPhone. In the case of Avago, it just almost doubled its size by acquiring LSI (LSI). Professionals often surround their long-term
On December 12, the Patently Apple AAPL website was first to report that Apple had filed for a restaurant-related patent. The stock market smelled what was cooking. The stock of Open Table, which specializes in restaurant reservations, fell from a high of $80.20 to a low of $74.65 before staging a mild recovery. In social
Apple investors need to be alert to both positive and negative upcoming fundamental developments, one of which may give a boost to Samsung’s mobile fortunes. An upcoming negative development for Apple AAPL is the potential release of the Samsung Galaxy S5 with a curved screen, which the iPhone currently does not have.
This post was published on ZYX Buy Change Alert. On December 10, 2013, the following alert was posted: Depending upon the size of position held, consider taking profits on one-quarter of the original AAPL short-term trade in the zone of $562 to $568. The stock is trading at $563.50 as of
China Mobile has scheduled an event on December 18 and the speculation has been that China Mobile will introduce Apple’s AAPL iPhone. The Wall Street Journal reported this morning that China Mobile will take pre-orders for iPhones starting Thursday. It is easy to see how a superficial analysis can lead one to conclude that it
Today, Apple is continuing its move higher. The trigger is a report in the Wall Street Journal that Apple has signed a deal with China Mobile. The WSJ report shows that the traders were correct in looking forward yesterday and not reacting negatively to a subsidiary of China Mobile pulling iPhones from
Click here for an enlarged chart. These posts were published on ZYX Buy Change Alert. On November 26, 2013, the following alert was posted: A SHORT-TERM TRADE ON APPLE This trade is separate and distinct from the long-term position in Apple. AAPL is breaking out of heavy technical resistance in the
Click here for a bigger chart. After Apple AAPL stock had lost its momentum in recent months, it has spiked higher in the past two weeks and outperformed the S&P 500 by 8.8%. Here are seven reasons that Apple is moving higher again. The Incredible iPad Buzz It all started on November