Tag Archive for 'AAPL'

Exciting!

Published on February 25, 2010, 10:54 pm in Daily and Trading. 0 Comments Tags: , .

First we had yech, then nice, now exciting. Wasn’t today just downright crazy? Greece was the word…again. So was jobs. But, speaking of jobs, rumors that AAPL might do a 4-to-1 stock split got bulls their groove back. :mrgreen:

GDP tomorrow…if it’s good we might just take off! Futures this evening look like they may be expecting that…or maybe just happy that the US dollar is backing off some.

Here’s a good description of the markets today: Rumor Versus Fact: An Insider’s Report On A Manipulated Market.

I’m gonna check in on the Olympics. G’nite.

Here comes GDP

Published on January 28, 2010, 11:15 pm in Daily and Trading. 0 Comments Tags: .

Last night’s zeal in the futures turned down at the open. Seems like the Obama address did not inspire buyers. With many great earnings reports this morning like NOK EK TWC plus the great overnight futures action, you would have thunk that the markets would at least have a green day. But no! Even Ben’s reconfirmation couldn’t pick this market up.

The “January Barometer” states that as the S&P goes in January, so goes the year. Seasonally, the last trading day of January is bullish, but we would need a monster day to recover all of this month’s losses…..or should I say all of last week’s and this week’s losses.

GDP comes out on Friday and I would normally say it will define how we trade. But looking at all the good earning reports and how all those stocks have sold off, I’m thinking the GDP will define how fast we go down.

This at least will put a smile on your face: AAPL enthusiasts are naming the new iPad after viewing it as the “MaxiPad”. Let’s Get the iPad Jokes Out of Our Systems. I don’t know whether to go to an Apple store or the feminine care aisle to purchase an iPad. :oops:

A Refreshing Change

Published on January 27, 2010, 9:07 pm in Daily and Trading. 0 Comments Tags: .

It was nice to see the markets go up at the end of the day rather than sell off hard. And that bullishness has continued in the futures this evening.

It was an exciting day with the introduction of the iPad, FOMC statement and the state of the union address. I’m making the post short so I can watch and listen to BO. But, did you catch the hidden story behind the iPad? It is powerded by an Apple chip! AAPL is in the chip business? That would explain why the price is so low.

So here’s to you Mr. President…..it’s all about jobs and more jobs. And quit pissing off the banks and Wall Street. :!:

Deja Vu

Published on January 26, 2010, 11:53 pm in Trading. 0 Comments Tags: .

The morning was fun, but by noon the bears came strolling back into the arena and, like yesterday heavy selling came in the last hour of trading.

Wednesday is full of news: AAPL tablet announcement, New Home Sales, Crude Inventories, FOMC Rate Decision and the State of the Union address. Thursday and Friday have a lot of news also! So get ready for a ride.

and if the Fed raises rates, well….ugly comes to mind.

Afterhours mamba!

Published on January 25, 2010, 10:37 pm in Daily and Trading. 0 Comments Tags: , , , , .

The markets acted fairly well until the last hour. They sold off pretty hard, still ended in the green but well off their highs. The real fireworks started after the close. AAPL was halted pending their earnings report. They came out with “Blow Out” earnings….or so it seemed. The futures took off, especially NQ futures, along with QQQQ and QLD. But then word broke that Apple had changed their accounting method….dive, dive, dive.

It looked like a crash was taking place…futures dove hard. And then AAPL opened for trading…gapping down 10 dollars, draggging the Q’s and related stocks. But, just as fast, comparing apples to apples so to speak, AAPL still beat expectations using the new accounting, and everything reversed. AAPL, the Q’s and futures contracts returned to where they ended the cash day earlier. AAPL beat, but not as fantastically as first thought. :oops:

So, stocks ended up after three days of losses, but there was bad news like existing-home sales tumbling and some not-so-bad rumors like support for Fed chief Bernanke’s reappointment. It was still a mixed bag.

As I’m writing this, futures are diving pretty hard. Over night trading looks very, very volatile tonight. U.S. Dollar taking off. We’re in for some ugly stuff. :mrgreen:

Getting Ready

Published on January 24, 2010, 10:52 pm in Opinions, Trading and Weekly. 0 Comments Tags: , , , , .

The S&P 500 sold off 2.2% on Friday — 5.1% over the last three days. We’ve reached the December lows and now targetting the late October/early November lows. And the VIX popped up 55% in the same time frame. I’m looking to see if the Nasdaq and Russell may show more resilience. Whatever happens, we have wiped out this year’s gains and we start over….the indexes that is. My P&L this year has started out well and I hope will continue to do so.

Now don’t get into a panic…yet. If you remember, the S&P lost 300 points at the beginning of 2009 from high to low before recovering and finishing strong…first quarter weakness seems to be a trend.

Not trying to predict market, but I expect it go lower, but it may have to make a little bounce just to suck in some more bulls. Pressure will probably continue on financials…so watch GS COF HBAN JPM. I’m going to keep special attention to A/D lines and the VIX on Monday.

Lotsa earnings this coming week….highlighted by AAPL on Monday after the close. But then AAPL will again be in the news on Wednesday when they announce, supposedly, their new tablet PC.

Be careful out there…and Happy Trading :!:

Kill Wall Street = Kill America…..
Obama is Killing America by Killing Wall Street …and make sure you read all the comments.

Why It’s Good News When Obama Sinks the Market

What’s the state of the economy? Keep a watch on the economic recovery….
Economic Recovery Dashboard

Watch how the recession progressed throughout the country like a virus, 2007 – 2009.
The Geography of a Recession

And finally, you probably never thought of this, but did you know that the space station had no internet access?
Astronauts (Finally) Get Internet Access

Jobs? What jobs?

Published on January 7, 2010, 10:06 pm in Daily and Trading. 0 Comments Tags: , , , , , , , .

It wasn’t a good Initial Claims report, unexpectedly climbing this week and revising last week’s report up also. Markets started red and then began a slow grind up for the rest of the day. It was still a mixed day at the end, no index gaining or losing much.

As I said yesterday, employment numbers will not be that important…it’s how the markets react. If jobs numbers are lower than expected, traders will sell fearing the economy won’t come back quick enough. If numbers beat expectations, traders will worry that the Fed will take away the punch bowl and raise rates sooner then expected. So there may be an upside pop, but I’m looking for a down market…if not on Friday, then Monday.

If the markets pop or move up on Friday, I’ll add to my shorts. If they happen to start diving right away I’ll just ride ‘em down….EDZ SDS QID

Have you watched GOOG the past 2 days? I guess nobody likes that new phone they announced. And AAPL VZ T and all the techs must have sympathy pains. Everybody must be getting out of tech and into banks.

More good news?…More than 6% of commercial-mortgage borrowers in the U.S. have fallen behind in their payments! Delinquency rates on loans for hotels, shopping malls and other commercial properties could rise to between 9% and 14%. Might be time for SRS again. Here’s another reason why this bailout sh!t ain’t working. Geithner’s New York Fed Told AIG to Limit Swaps Disclosure. Gee, maybe Timmy may lose his job.

And if there is anything you don’t like about my blog, please tell me. I don’t want to end up like these guys:Blogging is a dangerous business.

Go Tech!

Published on December 23, 2009, 8:33 pm in Daily and Trading. 0 Comments Tags: , , , .

Well, the last full trading day of the week ended in the green. The Dow and S&P up a little and the Nasdaq and Russell up a bit more than that. Tech stocks really dragged all the markets up today….AMZN GOOG and AAPL led the way. To my disappointment, GS sucked….but that happens.

Tomorrow will be interesting. Initial and Continuing Claims, as well as Durable Goods Orders will set the mood before the markets open. According to the Stock Trader’s Almanac – Christmas Eve – Dow down 4 of last 7. No matter what happens it will be on low volume….as expected for the holidays.

I won’t be around much on Christmas Eve, but, my whole family is Wishing You Happy Holidays and A Profitable 2010! Merry Christmas everyone :!:

 

AAPL Sauce with a pinch of TXN

Published on October 19, 2009, 9:37 pm in Daily and Trading. 0 Comments Tags: , , , , .

…makes for a bullish recipe. The action in the markets today came after the close when earnings reports made the bulls run the markets up. Gee, at this rate maybe we’ll see new all-time highs by the end of the year. :mrgreen:

Back to reality, would be more of a topping process with a correction to come soon…..and maybe a big one. But I guess we won’t know until it happens. So today I scalped a few points with TZA and BGU, going both ways again.

Futures are up this evening, but it looks a bit suspicious that S&P futures could not make a new high after those AAPL and TXN reports. And the Russell is still lagging behind the other indexes. So is the RUT leading down or lagging up? Tomorrow should tell. Perhaps a little of that AAPL sauce will perk it up. :lol:

The week that was and will be.

Published on October 18, 2009, 9:34 pm in Opinions, Trading and Weekly. 0 Comments Tags: , , , , , .

GE IBM and BAC brought everything down on Friday, helped by a worse than expected U of M Sentiment Index. Gee, is there any possibility things are not as good as the stock market believes? The third quarter earnings are turning out to be like the 2nd quarter: companies have reduced costs (more layoffs) to be able to still make bottom-line numbers. But top-line, or revenues, continue to be light….. Can’t continue that way for much longer.

Looking at charts, there are arguments for the bulls and the bears, so it may be best to play the day as it develops. And this evening’s futures show it developing to the downside….but it’s still early. 8O

VIX hit a 20 handle on Friday, a 52-week low, getting back to “pre-crisis” levels.

I’m thinking AAPL should break the bank on Monday after the close….after all, they’ve had good success with the iPhone and iTunes. The big question is, will it be as good as everybody thinks or as good as their stock price suggests?

There was lots of interesting reading this weekend and wanted to point you to some that everyone should read:

Dow 10,000: Nothing to Celebrate

10,000: Then and Now

What Happens If the Dollar Crashes

Finding a Job Right Now is Extremely Difficult

Yes, AAPL on Monday will get things rolling, but next week is jam-packed with many many reports with the likes of TXN KO PFE UTX GILD YHOO SNDK FCX LLY AMGN EBAY MSFT and lots of banks and financial institutions. Thursday will be a info-overload day, with more earnings reports than you can read along with economic data Unemployment Initial Claims and Leading Indicators. Also this week Fed Beige Book and Existing Home Sales :!: Whooo-boy, I’m getting tired already.

Still looking

Published on July 21, 2009, 7:43 pm in Daily and Trading. 0 Comments Tags: , , , , , , , .

Still looking for that correction….but at least today I was able to make some money on the short side daytrading QID, TZA and the S&P e-mini ES. It was a mixed up day with a gap up, a chance to fade the gap and then back up to close mainly in the green, except for $RUT, the Russell 2000.

CAT was a perfect stock to fade the gap today and AAPL was a great stock to play earnings. No matter what kind of day it is, there are always stocks that go up and those that go down. The trick is being ready to buy or sell when the opportunity presents itself. Speaking of CAT, here’s a good analysis of how CAT made money this quarter…..basically smoke and mirrors, selling stuff they made last year…and already expensed.

The reports that actually show us what is happening in America is the regional banks, RF and ZION reported today. You know all these big cap stocks are making their earnings by just streamlining and getting rid of expenses…layoffs that is. So the big companies make earnings on lower expenses and much lower revenues, and the laid off people can’t pay their mortgages, or buy food, or share any wealth with the local proprietors. Am I delusional here?

OK, I’ll get off my soapbox. But tomorrow, I’m still expecting some down move…maybe another gap ‘n crap, but I’ll take it any way I can. :mrgreen:

The market eventually humbles the arrogant

Published on July 20, 2009, 10:05 pm in Daily and Trading. 0 Comments Tags: , , , , , .

…and I’ve been arrogant. I’m still looking for a correction to this irrational exuberance. Now C and BAC acted “normal” for companies in their positions, but the rest of the market wasn’t even close.

By any oscillator I look at this market is overbought, way overbought. The Nasdaq, along with the Q’s have been up for 9 days in a row. AAPL reports on Tuesday, as does KO and CAT. Their reports will dictate the day’s action.

And I continue to look for a breakdown, even slight one for, say, maybe 2-3% would make me happy….at least I’d be happier going long. I’ve got small positions in EDZ and TWM.