Technical Analysis – Apple stock stabilizes after fierce correction

Posted on September 23, 2020 at 11:27 am GMT

Apple’s stock suffered a sharp drop in September, falling by more than 20% from its all-time highs before finding support near the 104.30 level and the lower Bollinger band. The price then rebounded somewhat, crossing back above the 50-day simple moving average (SMA), which is encouraging as it suggests this might have been just a correction after an explosive move higher since March. Momentum oscillators paint a mixed picture, with the RSI reflecting the latest recovery but the MACD continuing [..]

Is the stock market in a bubble? – Special Report

Posted on September 18, 2020 at 11:57 am GMT

The US stock market has staged a meteoric comeback, raising concerns about whether we are experiencing an asset bubble in the middle of a recession. While there is clearly a sharp disconnect between markets and economic reality, there are good reasons why. In short, central banks have killed bonds, and stocks are the only game in town. Even if this is a bubble, it could keep going for a long time in a world where the virus may be defeated [..]


Technical Analysis – Tesla rally goes ballistic, uptrend accelerates

Posted on August 21, 2020 at 11:00 am GMT

Tesla’s shares continue to rally, with the rate of increase in the market increasing exponentially in recent sessions, something shown by the increasingly steep slope of the uptrend lines that have been supporting the price action. Almost everything paints a positive picture, with the stock posting higher highs and higher lows above all its moving averages, which are sloping upwards. The only warning signal comes from the RSI, which continues to move higher above its 70 line, warning of an increasingly [..]


Technical Analysis – Apple’s relentless rally continues, sets new records

Posted on August 20, 2020 at 1:43 pm GMT

Apple’s stock touched a new record high of 468.5 this week, continuing its relentless five-month rally, with the price having more than doubled since its March lows. The chart is as bullish as it can be, with an uninterrupted structure of higher highs and higher lows, and the price action taking place above all its simple moving averages (SMAs), which are pointing higher. Momentum oscillators mostly paint a positive picture as well. The MACD is above zero and over its [..]


Apple’s earnings: Moment of truth – Stock Market News

Posted on July 28, 2020 at 1:28 pm GMT

The world’s largest company by market cap will release its latest results on Thursday after Wall Street’s closing bell. The stakes couldn’t be higher as Apple’s shares have risen almost 30% this year despite falling earnings, so a lot of ‘hope’ is already priced in. Has the stock run too far ahead of fundamentals and is a reality check in order? Beyond its own shares, Apple’s results – and those of Amazon, Facebook, and Google on the same day – [..]


Technical Analysis – Tesla takes off like a rocket, prints new records

Posted on July 1, 2020 at 2:11 pm GMT

Tesla’s stock levitated to a new all-time high of 1086 yesterday, and today it overcame that too, continuing its relentless uptrend. The picture is overwhelmingly positive, with the structure of higher peaks and higher troughs being reinforced by all the simple moving averages (SMAs) sloping upwards and the price trading above an upside support line drawn from the March lows. Even short-term momentum oscillators are with the bulls, as the RSI just touched its 70 line while the MACD just [..]


Technical Analysis – Apple continues powerful uptrend, stays near records

Posted on June 30, 2020 at 2:15 pm GMT

Apple’s stock reached a new all-time high of 372.16 last week, continuing its monster bull run above a three-month upside support line and above all its simple moving averages (SMAs), which are also sloping upwards. Momentum oscillators endorse the positive picture. The RSI is well above 50 and is pointing higher, while the MACD – already deep in positive territory – looks ready to cross above its red trigger line soon. If buyers manage to pierce above the record high [..]


Technical Analysis – US 100 index flies to new records

Posted on June 23, 2020 at 2:43 pm GMT

The US 100 cash index (Nasdaq) entered uncharted waters today once again, breaking above its previous all-time high of 10,155. The picture is overwhelmingly positive, with the price printing higher highs and higher lows above all its simple moving averages (SMA). Short-term oscillators detect strengthening upside momentum, endorsing the bullish picture. The RSI, already in positive territory, looks to be headed for a test of its 70 line soon, while the MACD just crossed above its red trigger line, which [..]


Technical Analysis – US 100 index turns its gaze back to record highs

Posted on June 17, 2020 at 11:28 am GMT

The US 100 cash index (Nasdaq) suffered a small setback last week, after reaching a fresh record high of 10,155, but has since recovered most of its losses. The structure of higher highs and higher lows on the daily chart remains intact, which alongside the upward-sloping simple moving averages (SMAs), keeps the outlook positive. A new all-time high above 10,155 would reaffirm the uptrend. Short-term momentum oscillators concur. The RSI – already above 50 – looks to be headed for [..]

Have stocks ‘gotten over’ the virus? – Special Report

Posted on May 27, 2020 at 3:53 pm GMT

There’s been a lot of talk for a powerful V-shaped recovery, but that has only happened in the stock market, which is ignoring the rising economic and geopolitical risks and is instead plowing higher, powered by a tsunami of stimulus. Alas, at current levels equities imply a ‘painless’ recession, which is probably much too rosy. Overall, so much optimism has been priced back in, that it would almost take a miracle for reality to match the stellar expectations. There is [..]

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