Accumulation did not continue from 3 to 9 for no good reason...something may very well be going on behind the curtain.
9 consolidation quickly done with...sellers/profit takers cleaned up without breaking a sweat. Accumulation of shares seems to continue leaving shares harder to come by...We are boiling here.
Next resistance could very well be the 10 1/2 - 11 area...In other words after some 9 area consolidation it's going higher from here.
Man just got back from middle east and diagnosed with MERS...NVAX will soon head back to 7 to 8 a share on speculation alone ...back and fill consolidation is done...IMHO
Nice cleanup around the 500 level to put a floor on it but also have to ask why it didn't push the stock back up to maybe 530-535 area with that kind of money invested during the purchase. AAPL closed at 512 yesterday. Stock is up around 6 - 7 dollars this morning from the headline only. Really shows NO CONFIDENCE in the management that they were able to buy back as much as 28 million shares and got the stock up some 10 dollars is the scary part of all this.
Yeah, you will get a dead cat bounce like yesterday but 320's next and it'll stall then but won't be long before that breaks down yet again
AAPL ok to go long now, AMZN still ok to short & SPX still in a will continue to trend lower
The AMZN revenue is what its all about game is over...see ya in the 320's
Not weekly's please... Always give yourself substantial time as the markets will be very volatile for next couple of months.
Think Carl will be taking some time off...But it is getting very oversold, enough to be getting ready for that bounce for another test of the 512 - 515 level...not today but soon.
Cramer and some of the AMZN cheerleaders cnbc has walked on the show are way out of line thinking AMZN will just recover and keep trending higher...nope, amzn is looking for profits now and the mkt will now take notice of it's PE...say goodnight to AMZN...as I said yesterday, 320's will be the next stop.
SPX headed to the 1750 area. We can only hope it holds but it's questionable. AMZN now looking to raise prices to finally make a profit which means the mkt will now take serious notice of it's PE and what the hec is this stock doing up here. AAPL should dig in here around the 595 area but still vulnerable to wash out into the 480's as SPX does it's px adjustment. Portfolio managers doing adjustments and it takes some time so the market will continue very volatile for the whole first qt.