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 […]
Apple, Time To Monitor For Bouncability
On January 25th I discussed here ( http://investorplace.com/2013/01/apple-hits-our-target-whats-next/ ) that post the gap-down sell-off earnings reaction from January 24th in Apple Inc. (AAPL) , risk/reward in the short side was worsening. The emotion-filled stock has since bounced, then continued to slide lower where it currently sits roughly 3.50% below my note in late January. So, […]
Post Netflix’ Monster Move – Revisiting The Charts
On January 22nd I discussed ( http://investorplace.com/2013/01/netflix-bulls-need-to-hit-the-pause-button/ ) the crossroads which the stock price of Netflix (NFLX) had arrived at after hitting a price target which I discussed on December 6th ( http://investorplace.com/247trader/2-stocks-same-setup-nflx-and-big/ ). The day after my January 22nd analysis, on January 23rd the company announced its earnings and the stock screamed higher to […]
Wal-Mart At Critical Technical Juncture
The broader stock market is up big already for 2013 considering we are just one month and a few days into the new year. One stock which hasn’t all that much participated is Wal-Mart Stores Inc. (WMT) as it currently is up just around 2.00% for the year. Wal-Mart Stores Inc. (WMT) traded in a […]
A Giddy Stock: Alcatel-Lucent (ALU)
Global mobile phone manufacturer and telecommunications equipment company, Alcatel-Lucent (ALU) is a tale of two tapes. What once (pre-merger of Alcatel and Lucent Technologies) was a cult stock with an interesting business in the late innings of the 90’s has since turned into a company operating a commodity business with thin margins and a stock […]
Global Equities Bid Higher Ahead Of June Jobs Report
While I don’t expect much volatility in world markets today with the absence of a liquid dollar market due to the 4th of July independence day holiday, I thought it may none the less be worth looking at a couple of noteworthy charts out of Europe. First, note that although today July 4th US markets […]
China Large Cap Stocks (FXI) Vulnerable For Further Downside
China recently lowered its annual growth rate target for the decade down to 7%. How, if at all should this reflect Chinese stock prices? I took a look at the charts of the iShares China 25 Fund (FXI), representing the large cap space, for a view from the technical front. Just like U.S. and European […]
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 […]
More Upside For Wal-Mart
Wal-Mart Stores Inc. (WMT) bounced more than 5.00% over the past five trading sessions and is bumping up against important intermediate term resistance. The stock’s performance year to date is relatively in line with that of the S&P 500 but if it can hurdle past resistance may turn into an outperformer in the intermediate term. […]
Google: Upside Risk-Reward Much Improved
When in early-mid February the stock price of Google Inc (GOOG) went vertical and hit an all-time high just above the $800 mark, I raised my hand and discussed here (http://investorplace.com/2013/02/google-stock-needs-to-reload-after-hitting-800/) that the stock is overdue for some price consolidation. Now that the stock has consolidated and broken past recent resistance, it again looks to […]