Tipple Top or Dead Cat Bounce

We're taking a look at Apple here. This ticker has been known as a quality stock that investors flock when other tech stocks take a hit.

MACD is playing right there in the middle and this could go either way. Money Flow Index is showing that there could be more up to go.

Markets have been rocked by the recent banking crisis that is still not over. We're now learning of First Republic continually collapsing, even with backstops and liquidity pledges from big banks. Perhaps this crisis isn't over yet, and with bets of a 25 basis point hike Wednesday, this could snowball into a bigger crisis, but it's one to watch. Central banks are doing all they can to keep this bubble alive, but with declining economies, it's now a matter of time.

Manufacturing, retail, housing, autos, are all down, and continuing downward. Joblessness claims continue upward. Layoffs are increasing. You know how it goes... thoughts?

Trade aktif:

If we see a healthy break above $159.30, we can see Apple push through to at least $165, according to a fen indicators. Must watch carefully.

Komentar:

So far we’ve had a clean break above 159.30, so it’s looking good for longs.

Trading ditutup: target tercapai:

We broke $159.30 as posted, hit the 165 target. Apple's price movement will heavily depend on their late earnings. They did report a huge loss in their laptop sales, so its one to see.