Tag Archive for 'AAPL'

History tell us we’re wrong!

Published on May 14, 2012, 6:44 pm in Opinions and Trading. 0 Comments Tags: , , , , .

According to the Stock Trader’s Almanac, the Monday after Mother’s Day the Dow has been up 14 of last 17 years…. and the Monday of May expiration, which today is also, the Dow has been up 20 of last 24 years. So, history has shown us that we did wrong today! :-(

We moved lower on low volume. Maybe it was because Europe hasn’t responded to their issues, especially Greece. Gee, if you can’t form a government, how will you work through your fiscal crisis? So, do we have a Turnaround Tuesday tomorrow?

Today was one of those “as goes AAPL, so goes the markets” kind of days.

Remember, it’s options expiration week, so the ride is always a rollercoaster week. There;s some market moving reports this week as well: CPI, Rtail Sales, Housing Starts, Industrial Production, Philly Fed Survey and the latest FOMC minutes. So buckle your belts and hold on!

And remember…. In trading, some days you are the pigeon and some days you are the statue!! :D

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Tuesday’s Gone with AAPL

Published on April 24, 2012, 8:03 pm in Opinions and Trading. Closed Tags: , , .

Tuesday’s Gone with AAPL. Many traders have been shorting AAPL into earnings…and the report was a blowout…crushing estimates by a good margin. AAPL closed down over $11 dollars at 4:00PM and then bang! Up $40!

For the last couple of weeks the markets have been following AAPL, as in as goes AAPL so goes the market. I think it’s a fairly good prediction that the markets will be up on Wednesday. Of course there is the Durable Goods report in the morning and then the FOMC announcement in the afternoon. Maybe we’ll just go crazy!

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Here we go again

Published on April 17, 2012, 8:31 am in Trading. Closed Tags: , , , , , .

Like a bad penny, options expiration is upon us again.  Plus there are a boatload of earnings report during this week. On the good side, it’s a slow economic news week…as if the earnings won’t make it a wild ride already. With earning expectations being lowered during the first quarter, many companies may “beat” earnings allowing for another run up in the indexes.

Like yesterday, markets were mixed as the Dow lead the way up, but AAPL and GOOG dragged down the Nasdaq and kept the S&P and Russell in check. Buckle up and let’s roll! 8O

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Hungover Market

Published on March 20, 2012, 1:58 pm in Trading. Closed Tags: , , , .

Are traders still hungover from green beer? Volume is low and volatility (VIX) is even lower.

The end of the 1st quarter is in sight, just 8 days away, and fund managers are finagling their quarter-end reports…but not too many of them yet. All the action so far this week has been AAPL and BAC, but that’s just because of news and rumors.

So the market keeps dragging its knuckles up hill with a few resting points and small retreats… exactly what it’s been doing since December. I’m trading for nickles and dimes here…making a few dimes and losing a few nickles. 8)

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Up ‘n Down

Published on October 5, 2011, 9:23 pm in Trading. Closed Tags: .

The indexes continued their up and down action…and for the second day in a row, a run up into the close…closing near the HOD both days!

How so very sad to hear of the passing of Steve Jobs…a young man that has touch the lives of almost everyone! Thank you Steve for such a wonderful life. Rest in peace and may your family find comfort in the world you improved.

AAPL sauce

Published on August 24, 2011, 10:32 pm in Trading. Closed Tags: , , , .

Earlier this evening, news broke that Steve Jobs is stepping down as CEO of AAPL. It looks like he’ll stay on as chairman, but the stock sold off hard afterhours. It will be interesting to watch this over the next couple of days.

Indexes had a lacksidasical opening and chopped around breakeven until the last hour, when a push put them solidly in the plus column. Volume was less than impressive.

Gold bugs were squashed as margin calls went out on the biggest gold drop since 2008, sending the gold bugs scurrying for cash. Buyers of gold last week or even yesterday, are hurting today…bitch-slapped more like it!

Is it Friday yet? With only 2 days remaining until the highly anticipated Jackson Hole speech, it seems that investors have grown weary of waiting. Is everyone expecting a QE3 type speech?

AAPL-tini

Published on July 19, 2011, 11:08 pm in Trading. Closed Tags: , , , .

Appletinis all around! Woot, woot! Smash that glass against the markets…what a killer report AAPL came out with afterhours on Tuesday. Will today’s climb continue on Wednesday?

The markets ignored lousy reports from GS and BAC. The bulls wanted to run and nothing was going to stop them. They were fueled not only from IBM’s good report last night, but also very encouraging housing data this morning. And there’s more Home Sales news on Wednesday morning. Gold did sneak back under 1600…maybe a little farther down? And don’t forget silver.

Thinking it’s time for some slow grinding up…or maybe some down…or maybe just some consolidation. We are getting into the “meat” of the summer season. Got to get those vacations done before the kids have to get back to school. Everyday an adventure. That’s why we trade!

Goldfinger!

Published on July 18, 2011, 11:19 pm in Trading. Closed Tags: , , , , , .

Gold finally makes it over $1600 mark…now to see if it continues up from here. The markets went in the other direction with gusto. The NYSE Advance/Decline volume was over -10:1 for the bears. The S&P and the Dow, did recover half of its morning losses by the end of the day. The Nasdaq looked strong in the afternoon…maybe in anticipation of IBM earnings…but there was no stopping AAPL! Wow if really took off.

Still a very crazy market…up and down. Remember,

Better to be in cash wishing you were in the market than to be in the market wishing you were in cash!

Be careful out there.

Rollercoaster

Published on June 23, 2011, 11:40 pm in Trading. Closed Tags: , , , .

What a morning dive! Ugly….but hope springs eternal….and the techs and semis came through in the afternoon, dragging the rest of the markets behind them. Let’s give them applause: RIMM AAPL QCOM SMH USD. Good job gang!

Oh yeah, we also got help from the Greece’rs as they came to term with the EU and IMF. Oil took a beating but helped the markets by giving airlines and other transports a boost.

Europe should be happy in the morning and maybe we can keep it going.

Bobbing for AAPL’s

Published on April 20, 2011, 11:21 pm in Trading. Closed Tags: , , , , .

Wow! Those were some blowout earnings reports…both from AAPL and QCOM. The tech sector should do well on Thursday, the last day of trading this week.

Thursday has the usual reports with Jobless Claims included, but also a boatload of earnings repports including GE HON PCX NUE NOK and several airlines. Wondering if we have some low volume in the afternoon as traders start the long weekend.

Oil, gold and silver are in takeoff mode this evening! And the U.S.Dollar, well it’s crap while the Euro also takes off …another big wow! It’s a long time until the European open and even longer for the US open, so all this will change. But trading overnight is where all the action is in futures :!: