AAPL (weekly info)new high 400.50
trend=up
high= 400.50
rev= 359.71; mid= 380.11
Apple is in its own world. It breaking to new highs. First test would be the 61.8% minor retrace (442.05). It's obviously above all SMA's. It's using the 0.0% retrace as support.
NFLX (weekly info)new low 155.60
trend=down
low= 155.60
rev= 241.11; mid= 198.36
Netflix is having a two month hangover. It's back to August 2010 levels. It's below the 61.8% retrace (143.57). It's below the SMA(89) & SMA(55). The low in July 2010 is the next support (95.33). This is more than the change in prices affecting Netflix.
12 comments:
This is the MOST IMPORTANT FOMC meeting ever.
/sarc
RA, re AAPL chart... just got off work listen to the radio so not sure I heard this right but someone raised AAPL target from $480 to $520... JEBUS!! ...some talk about a 10-1 split and if that happens it'll go to $50 in a heartbeat.
also, heard today there might be another furlough for the FAA soon. They still haven't been paid for the last one even though the paper work is in the loop. AND, I'm working overtime for being laid off for 6 weeks, ya know, to catch up on work that's behind schedule. These games they play always ends up costing them more $$ in the long run.
NFLX = PNZI
Like most tech, really.
Ra,
also checking out in the higher priced space
ISRG, PCLN, BIDU
http://www.bloomberg.com/news/2011-09-20/japan-land-price-decline-slows-on-pre-earthquake-housing-demand.html
Declines in value in Tokyo, Osaka and Nagoya, the three major metropolitan areas, slowed to 1.9 percent, from a drop of 3.2 percent a year earlier, the ministry said. Prices in rural districts fell 4 percent from the 3.9 percent decline a year earlier, the report showed.
In Tokyo, prices in Nakano ward, a popular residential neighborhood, eased to a 0.9 percent drop from a 4.4 percent decline a year earlier, the report said. Land prices for four residential sites in Osaka were little changed, compared with a drop in prices for all sites surveyed in the city last year, as demand rose, the report said. The points that had a gain in prices more than doubled to 12 in Nagoya because housing demand remained strong, it said.
Price Drop Continues
While the drop in land values, which are about half of what they were after the peak of Japan’s bubble economy in the 1980s, eased this year, it has continued to fall for 20 straight years, the report showed. Nationwide commercial land prices fell 4 percent and residential land values dropped 3.2 percent.
....Yes, Lefty, this is why we are Japan, and why tech is probably a more identifiable ponzi than the rest of the stock market...our nikkei, the nasdaq, now still roughly 1/2 what it was 10 years ago...
I expect the DOW to weaken too....
Bruce
You are right, things will continue to suck for a decade or more, with brief interludes of non-suckage and market manipulation.
"ohayo gozaimasu"
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(sound of wind blowing through abandoned Western town)
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(tumbleweeds roll through the frame)
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All I know is that 10 yr yields had a low of 1.878%.
Karen really enjoys a strong upwardly thrusting buck.
whoa! wake up and see BAC @ 6.66
(SPX 666 flashed into my dizzy head)
real surprize someone downgrade banks, y-a-w-n
Fed ramping up aid to help the housing market?
I may be wrong here but thought peeps with jobs bought new homes.
Put pressure on interest rates?
buy, sell, twist this, twist that... whatever
F
ØBAMA
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"The most powerful force in the universe is compound interest" [Einstein]
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BinT... but why worry about land prices when someone could
get free land... build your own
...just a thought
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Amazing little day we had today...I would say the blindfold slipped more than just a smidgen...
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