Stockhaven’s Watchlist For 5/21/13
AAPL ($442.93): AAPL is selling off after hours leaving many likely expecting a gap down. I won’t guess on an opening direction either way but what I’ll say is Monday’s action did the stock a lot of good. AAPL broke … Continue reading
Haven’t Seen This Since April 17th
In the S&P500′s first attempt at 1,600 in mid April the index fell short, topping out at 1,597. In the week that followed, SPX pulled back to a low of 1,536 before reversing on April 19th. Since that reversal took … Continue reading
Expecting A Pause, Not a Rewind
As pointed out yesterday, SPY successfully completed a 4 day winning streak after rallying 3 consecutive days. SPY has now turned each 3 day winning streak it has had (4 total) since April 1st into a 4 day winning streak. … Continue reading
Low VIX Can Stay Low/Move Lower
After consolidating for a few days the bulls are out running again in full force and taking the indexes to new all time highs along the way. The Russell 2000, Dow Transports, S&P500, Midcap 400, & Dow Jones are among … Continue reading
After Marathon Run, Indexes Take Breather
In a marathon you run 26 miles (26.2 to be exact), and that’s about the distance the S&P500 has traveled since breaking 1,600. In fact, today’s low of 1,626 is right in line with the marathon runner who takes a … Continue reading