Applebottom

As of this posting, Apple seems to have found some footing and is trading back up through the $500 level which is obviously a psychological area of concern for the bulls.

Last night Tom Demark, a noted market-timer with a robust process that enables him to spot overbought and oversold conditions, planted his flag in the sand on CNBC’s Fast Money and said the stock was finished going down.

My friend Brian Shannon of Alpha Trends thinks its more natural support may be in the $460 range.

Technicals are really all you have until the company reports earnings in a few days. This quarter’s numbers, forward guidance and the tone of the call will be critical from then on.

I have no special insight here, I like the stock and we have some clients who own some, but we’ve opted to buy Qualcomm (QCOM) for the last few months instead of Apple so as to avoid the controversy so to speak.

 

What's been said:

Discussions found on the web
  1. fakerolex.icu commented on Sep 18

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2013/01/16/applebottom/ […]

  2. Is Bitcoin Era a scam? commented on Sep 19

    … [Trackback]

    […] Here you can find 54031 more Information on that Topic: thereformedbroker.com/2013/01/16/applebottom/ […]

  3. https://eatverts.com commented on Sep 23

    … [Trackback]

    […] Here you can find 9514 additional Information on that Topic: thereformedbroker.com/2013/01/16/applebottom/ […]

  4. bitcoin loophole commented on Sep 25

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2013/01/16/applebottom/ […]

  5. bitcoin era reddit commented on Sep 25

    … [Trackback]

    […] There you can find 28594 more Information to that Topic: thereformedbroker.com/2013/01/16/applebottom/ […]

  6. website commented on Sep 27

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2013/01/16/applebottom/ […]