Don’t be fooled by the lackluster iPhone event held Tuesday A magnet is pulling Apple’s stock price to $200 — and beyond. The strong pull consists of fundamentals, technicals and market mechanics. Let’s explore that, starting with a chart. The chart Please click here to see an annotated monthly chart
Investors are excited about the new iPhone 8 expected to be unveiled Tuesday. Still, Apple CEO Tim Cook is selling Apple AAPL shares. What does he know that we don’t? Maybe there’s nothing there. Anyway, to explore the answer, let’s start with a chart of Apple stock. Chart Please click here
Prudent investors prepare for different scenarios. Right now, the stock market is assuming two things. First, regarding North Korea, that people in power on all sides are rational. Second, a buy-the-dip mentality will prevail and machines that trade large volumes every day will not make mistakes. To understand that latter
After languishing for a few days, FAANG stocks are back in a big way. That’s because FAANG cowboys are once again enamored about big technology stocks. I call those investors cowboys because they seem mesmerized by the potential rewards of buying into the momentum but appear mostly oblivious to the
Prudent investors ought to pay attention to a menacing pattern developing in the stock market. Please click here for an annotated chart. The chart is of the Nasdaq 100 ETF QQQ, A similar pattern can be seen in S&P 500 ETF SPY, I picked QQQ because the pattern is more
They’re neutral on FAAMG and FAANG shares, while the momentum crowd is still very bullish. Technology stocks have been hot this year. And excellent earnings are expected when big companies start reporting this week. Given the momentum and aggressive buying by the momo (momentum) crowd, expectations are widespread that earnings
Successful investors make money by preparing for scenarios without letting their politics cloud their judgement. That’s a difficult task, especially in these partisan times. But I am politically agnostic, and I see my job as helping other investors. The chart To understand the new development today, let us look at
I have been getting a flood of requests from investors for an update on smart-money flows in popular technology stocks. I previously wrote about this on June 15 and June 16. The highest interest among investors is in Advanced Micro Devices AMD, and NVDA. Both stocks have recently had several positive
Should big technology stocks known as FAAMG or FAANG be bought now that they’re a few dollars cheaper? Or should they be sold now because they’re expensive and upward momentum is broken? Those are the questions investors are asking me. From emails that I receive, many investors have strong opinions
My longtime readers have been asking a lot of questions about money flows in so-called FAAMG stocks. Money flows give investors an edge when combined with the breadth indicator. Please click here to see money flows in FAAMG stocks segmented by important categories and also ranked as provided to The