buyers want to own apple and it is moving up faster than the market. the traders that use apple to drive down the stocks are now using it to lead stocks back up. expect green by end of day, but not a major break-out today. i expect to see the major break-out tomorrow morning.
same thing that happened earlier this year, kate falls because kors is having more promotions, so the assumption is that kate had to promote too. but the info i saw about christmas was that kate didnt have significantly increased promotion. this fall was way too much and the stock will bounce back. but since kate doesnt report until feb it might be a slow rebound.
it isnt shorts, it is algorithms that moved apple because the market tanked. today apple is relatively strong compared to the overall market, which tells me that there are lots of buyers who want more shares, it is only a matter of them seeing a bottom in the overall market drop.
the market is setting up an island reversal pattern on oil. it might stay down on the island for a day or two, but once it gaps above the previous break, it is going to move up quickly.
today was the bottom. setting up an island reversal pattern here. after hours traders know this and oil is moving up. the island reversal will leave any sellers abandoned on that island as oil moves the opposite way. not sure if we gap up tomorrow, or spend a few days on this island before gapping up.
watching the charts very closely and not seeing the seasonal bounce today, maybe it starts later in the week???? down 7% in a day is pretty bad.
the drop in oil prices is causing alot of panic in the markets, but this is the type of panic that is actually going to help our economy out. as consumer save money on gas, they will spend it on other stuff and pump the economy.
in the short term this market is nonsense - driven by trading algorithms that seek to run stocks up and down and create volatility for trading gains. bby is only 2% of the recent high, with languishing sales and a questionable future. apple is down 11% over the past month with blowout earnings coming, probably 30%+ eps growth. the insanity of this is so absurd i cant get my head around it. january earnings reports will shake this nonsense out of the market, and the algo traders will profit.
plummeting today. i am surprised to see it down so much today. this is a buy opportunity. shake out weak hands and start a new trend up.
the traders have ability to influence the "reporters" to time articles when they most need to push the stock down. this is when the weak hands are shaken and the stock changes direction. interesting article that shows that the best performing hedge funds are trend algorithms. apple is a favorite play of the trend traders, bashing it down and then jumping on the other side of the trade. only thing an investor needs to know is 3 weeks until earnings report.
the higher the volume on apple bashing the closer to the bottom of the downtrend. this isnt a coincidence, just powerful trading strategies with money to influence "journalists". look at how many negative stories on apple and how the market share story about apple achieving 51% of activations is just buried.
they are using 3 attacks - apple pay has low adoption, xiaomi is going to eat their lunch in china and the software is poor, along with new lawsuits. combine with an intense bashing campaign on chat boards and they are pushing out the weak hands who are fearful and want to protect profits.
just 3 weeks until earnings. no reason to sell now. blowout numbers ahead.
no, you are just bashing. icahn believes apple is valued at 200 a share, so he is not selling. this is just the funds and some small investors who cant see past the share price of today who decided to get out. give it another 3 days and the bottom is in and it moves right back up. apple's stock has become a favorite of algorithm traders who are trading based on the trend, so apple gets pushed down with a plunge in oil. the stock is getting cheaper and cheaper - best time to buy is when things get cheap.