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Yesterday was a strange session ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Really Why?? ALGOS BABY ,,,,,,,,,,,,

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 21 Aug 12 5:41 PM | 94 view(s)
Boardmark this board | De's Test Board 		Msg. 43484 of 45651
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And APPL of course, the new one company markets,,,,,,,Still amazes me how one company can save the planet. I will laugh my @$$ off if something happens that these electronic devices no longer work. OH MY, WHAT WILL FOLKS DO??????????????


By: Mark Hanna
Posted on: August 21, 2012 at 8:39 am
Tags: Apple

Yesterday was a strange session in that breadth was relatively weak outside of financials and airlines but the market indexes held in quite well. In fact of the top 40 components in the S&P 500, only 10 were positive yesterday (with 30 down!) but the index held in flat. A good part of that can be explained in the fact that Apple (AAPL) is making "one of those runs". As the top weighted stock in the S&P 500 (4%ish) and NASDAQ (approaching 10%), Apple becomes more influential by the quarter.

While not quite as jaw dropping as the move from February of April of this year – when the stock made a move from the mid $400s to mid $600s – the stock has put in quite a move in advance of the product launch of the new iPhone and completely shook off a rare earnings miss. While the RSI has begun to reach overbought status it stayed that way for MONTHS last time around so not something to wave a sign of overheating. However, it is in one of those rare spots where the stock is above the upper bollinger band; the last time this happened was early July – the stock tracked sideways for a few days before faltering… however that was in a herky jerky market whereas we are now in a more stable environment. During its huge run early this year it was above the upper bollinger band only a few times and that usually led to at best sideways action for 3-4 days while it consolidated a bit. In the premarket, the stock is up another 0.9% to over $670 so the rubber band is being pushed to an extreme now in the short run.

More,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

http://marketmontage.com/2012/08/21/apple-aapl-parabolic-v-2-0/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+marketmontage%2Fxyz+%28Market+Montage%29




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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