Apple (AAPL) is on a tear heading into earnings and they report in less than two weeks (July 26th to be exact). It is hard to say how they’ll do following their earnings, especailly after the sell-off we saw back in April. What was once the market darling is now a stock that everyone demands
Here’s my prediction for the Apple earnings scheduled to come out around 4:30pm eastern. Tell me what you think.
Technical Outlook: First legitimate sell-off on SPX yesterday since April 7th. SPX finished the day trading below the 5-day moving average. Watch the rising trend-line off of the February 11th lows. Currently the trend-line sits at 2087. A slew of earnings came out last night and this morning resulting in hard sell-offs in
Technical Outlook: SPX gave up all of its intraday gains yesterday after a strong gap up. Nonetheless, it managed to close slightly higher an in the process hold on to its 20-day moving average. An interesting development on the daily chart of SPX is the downside cross of the 5-day and 10-day moving averages. Four
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