The Shiniest Apple
Posted on | April 16, 2012 | No Comments
We see Apple (AAPL) as pulling back to its 50-day moving average.
This would put it on par with the broader market, with the major indexes all hitting their 50-day MA marks, just as we figured.
AAPL isn’t likely to get much shinier in the public’s mind. A stock reaches a point when there’s no one left to buy it. Maybe we’re here now.
Z Rock
Posted on | April 12, 2012 | No Comments
Zillow (Z) pops out of its base, albeit with a couple warning bars of Distribution in it’s handle, which just might not mean a thing if it doesn’t run into anymore heavy sellers.
That’s free range up there…
Collective Action
Posted on | April 5, 2012 | No Comments
We’re getting multiple pullbacks to the 20-day moving averages for most major indexes and sectors.
This is the norm. What will be more interesting is if we get tests of the 50-day averages in this.
The Commodities Index ($CRB) is getting wasted as it trends below its major averages. Lower bids for this could mean less economic growth in the pipeline as fewer look to build and expand.
Market Bias
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Buyer's Caution
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