When two key stocks, AAPL and AMZN, topped last week at important Hidden Pivot resistances, I put out the yellow flag. However, the stocks’ canny sponsors were in such complete command on Tuesday that there can be little doubt that they aim to take them both to new record highs shortly. The stocks opened on stage-managed weakness, spring-loading them for short-squeezes that had bears scrambling for cover all day. The Dow was up only 114 points, but if AMZN and AAPL keep up the pace, the broad averages are likely to catch fire as well.
DaBoyz Are Solidly in Command of Two Key Stocks
- September 12, 2018, 8:46 am
NYSE had 3 Hindenburg Omen signals last week, and missed having a fourth one on Friday.
This was seen in the last 2 trading days of last week as the A/D line has created inharmonious advance/decline data on an up close.
Simply a Disaster NYSE Percent 200DMA 09102018.
All warfare is based on deception. Hence, when able to attack, we must seem unable; when using our forces, we must seem inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near.
Have a great day Rick.