AAPL, GOOG, GS, SPY — Watchlist For 6/20/13
AAPL remained in a bearish downtrend but volatility remained low. While AAPL did manage to shed 2%, it was still the 5th day in a row in which the total daily range was < $9. Can $420 breakdown this week? … Continue reading
SPX Holds Near 1,650
Indexes are little changed this morning dealing with very small losses after yesterday’s rally. Ben Bernanke is slated to have a press conference this afternoon discussing the Fed’s economic outlook and their plans for QE. While that is the “headline” … Continue reading
BIZM, C, NFLX, SPY, AAPL — 6/18/13 Watchlist
BIZM ($3.70): BIZM once again managed to hold its initial 15 min low. That is, BIZM never went below its low after 9:45, something I pointed out in my video outlook as having bullish implications. The result was the stocks … Continue reading
SPY Moves To Top End Of Channel
Today’s action in the market looks about as good as Friday’s did bad. My point is is that this action is really much ado about nothing. SPY is still volatile, and it still hasn’t moved out of its recent channel … Continue reading
SPY In A Channel Set up : SPY Video Watchlist
SPY has spent the last few sessions in a volatile channel between $161-$165. I wouldn’t expect anything directional to change at the start of the week unless there’s a breakout above $165 or a breakdown below $161. For my full … Continue reading