Technology Sector vs The S&P 500

As I scoured the S&P 500 sectors over the weekend in search of the'easiest' hedge/short I came accross the technology sector (as measured by the SPDR Technology Sector ETF XLK) and noticed the following: 1. While the XLK is currently still 10% off the 2007 highs, it did put in a more than solid performance […]

Apple (AAPL) Chart Getting Back On Its Feet

I have had a position of short calls at the 400 strike on the book for the majority of 2011 and am closing them today for good profits.  While the trade has another 30% of profits to go, I am seeing the chart of AAPL starting to look good again and hence prefer to take […]

Morning Line-Up: Trading Plan For Today April 21

This is the opening summary of the Premium Members Morning Line-Up Newsletter that I publish daily, along with the Mid-Day Update and the Martini-Hour Thoughts.  The actual newsletter includes much more detail, such as exact trade setups with entry points, stops and limits, and tons more.   Morning Line-Up                           Thursday, April 21                                                                       Good […]

Quick Daily Summary Thoughts – April 20 – Strong Like Bull

Story of the day; 16point gap up in the futures this morning and sideways for the rest of the day.  Nothing to see here folks, move along. Well, after the bell AAPL QCOM, FFIV and others includine YUM and CAKE came out with good earnings and as of right now all of them are ripping […]

Pre-Market Notes – Tuesday March 29th

Pre-Market Notes – March 29th   With the SPX right at (but above) the 50 dma, yesterday was a bit of a lazy session.  Investors need some rest here to digest the wild swings from the past two weeks.  At the same time it is quarter end (3 trading sessions left) this week so I would think the swings […]

Apple (AAPL) Was The Clue To The Late-Day Sell-Off

As discussed yesterday, AAPL was the main stock I watched today for clues whether the market will hold up today.  Sure enough, after a failed sell-off attempt late morning, AAPL spent the second half of the afternoon letting sellers dictate the market.  Technically today's price action was pretty meaningless for AAPL as well as for […]

Apple (AAPL) Is Setting Up For A Long and A Short Trade

Apple (AAPL) has been making lower highs and lower lows over the past six weeks or so, as noted on the daily chart below.  Why is this important?  AAPL is one of the most widely held stocks and as such one of the most widely followed companies.  Its stock price for the past few years […]

Watching Apple (AAPL) At A Crucial Level

Apple (AAPL) doesn't need much introduction so I will skip that part of the analysis.  And exactly because everybody knows the company, follows it, and it carries a 1.9% weighting in the S&P 500 it is worth watching closely.  Case in point, yesterday's announcement that Steve Jobs will hold the keynote address at the upcoming […]