AAPL reports Tuesday, May 1
Happens every quarter: like clockwork, “everyone” is lowering expectations, scared because semis weak, because guessing...
One day they’ll be right
Bill Bane's morning porridge, re-posted at Zero Hedge. He lit into Apple essentially asking how long people would continue to pay higher prices for something where the price should be falling rapidly. The numbers from others imply we may be there, the great inflection point. It would explain why Cook is willing to take the risk and immense expense to vertically integrate and capture a larger percent of what could be shrinking margins. Anyway when a big time guy in a London high rise starts casting doubts then clearly the "establishment" as in major pension fund advisers, are worried.
Al_Dente wrote:AD at 11:14 ET NY declining stocks = 2.9 x advancing stocks
NY declining volume = 2.4 x advancing volume
(these were 2x and 1x just an hour ago)...
AD at 12:18 ET
NY declining stocks = 2.1 x advancing stocks
NY declining volume = 1.6 x advancing volume
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Zerohedge claiming the currency markets are taking the DNC lawsuit seriously. I am thinking that Jesse Livermore was correct when he said "the market makes the news".
double bottom or not, will have to wait and see. my guess is not.
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I was at dentist office so missed this short. Now I need see whether bears can make a breakout here or bulls can make a double bottom here.
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I have ES VWAP at 2675.50, so confident we will touch that sometime. The 11:30 ish peak at 2678.75, sitting at the S1 pivot looks like a possible second target.