Restrained by AAPL’s leaden performance, the Dow eked out an unusually small gain Monday, rising by an unnewsworthy 98 points. Buyers aren’t necessarily spent, just timid about going for the gusto without leadership from the world’s most institutionally owned stock. They are certain to try again on Tuesday, especially with AAPL’s canny sponsors doing their part to rev up short-covering ahead of the opening. Just before midnight, the stock was oscillating slightly beneath the intraday high, still underwater and within an extremely tight range. If it merely holds steady in the early going, bears who kept their cool on Monday are almost certain to panic. The feedback loop with AAPL should be sufficient to propel the Dow higher by at least 300 points. We shall see.
Bear-Baiting
- January 8, 2019, 10:25 am
-
January 8, 2019, 8:44 am
The battle field is liquid, as the importance’s of Apple stock loses sentiment value as well as price value over time. Continue liquidation in APPLE will be bitten to the core. 90.00 and below over time is its target.
Next up AMZN as wealth simply has no where to hide in a declining market environment (which few think we are in just yet).
The ICE is in play for the testing at the 1600 level in AMZN, but real devaluation comes in at ‘1300’ a target break down level (a break away level) towards the 700.00 +/- level.
It will be the destruction of AMZN that gets towards the public ‘whims’ in investing in general for the days and years ahead.
Have a great day Rick.
I am watching with great interest the Yellow Vest movement in France.
Macron seems as dense as the Bourbon and Romanov types.
If he is not that dense, then is a one man Skirmish Line sent by the .01% to see if they can speed up the end of Legacy Europeans.
His “Let them eat cake” attitude and signing that Open Borders protocol in Morocco would provoke a Saint let alone your average French guy.
Retired French Generals have signed a letter denouncing it as the treason that it surely is.
The French Police might just join the Yellow Vests too.
A popular revolt backed by the military and Police would roil world markets, that’s for sure!
Those “Retired” Generals have many friends in the active duty French military, you can be sure of that!
Once again I will try to kick the Football of Hope that Lucy is holding for me!
LOL!