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Apple renewed on slippery slopes
It’s now nine trading sessions ago since I last mused about the technical picture of Apple Inc. (Nasdaq: AAPL). On March 25th I discussed (here: http://investorplace.com/2013/03/apple-still-has-some-technical-juice-left/) that the stock looks to have enough juice left for another marginal move higher, while the $450 area would be my line in the sand to potentially consider the short side of the stock again. A glance at the six month chart and hence the [...]
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CarMax Running Out Of Gas
Car and truck retailer CarMax Inc. (KMX) had a massive rally off the 2009 lows. In early 2009 the stock had a price tag of a mere $7.00, which over the course of four years grew to the low $40s. After consolidating for most of 2011 and 2012, the stock staged a renewed major breakout in November 2012 that may now be looking a little tired. For a little context, [...]
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More Pain For Silver
With yesterday’s slide below key medium-term resistance in the price of silver, judging by the media attention, the sell-off seemingly took more than a few players by surprise. As I pointed out yesterday in my take on gold here (http://investorplace.com/2013/04/go-for-the-gold-but-do-it-quickly/) the charts for both metals do not look good for bulls, at least not for the longer term. Allow me to walk through a few charts that hopefully give more [...]
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