Friday, November 11, 2011

Morning Corner 11.11.11

NFLX (weekly info)
-no change (above mid)
trend=down
low= 83.46
rev= 155.60; mid= 119.53


Even though this week has been somewhat bullish in the market it hasn't helped NFLX. It's back below the SMA(233). It's testing the 61.8% minor retrace. These small body weekly candles do not bode well the future of NFLX.



AAPL (weekly info)
-no change (below mid)
trend=no
direction=down (1 bar)
low= 392.87
rev= 422.00; mid= 407.44

AAPL is losing it's bullish momentum. It looks like it will close below SMA(13) this week. It also appears that is will make a confirmation low on the weekly 3LB.
at

16 comments:

  1. ben22November 11, 2011 at 9:06 AM

    Ra,

    thanks for putting the AAPL chart up, so far that $426 target I had is holding, there is ongoing negative RSI divergence on aapl, couple that with what you have above and it's not the greatest chart to say the least

    and how about GMCR, down almost 40% just yesterday yet still up over 20% for the year

    that's nuts

    belieave David Einhorn announced his "big short" in them about 3-4 weeks ago

    congrats to him, monster trade

    ReplyDelete
  2. AmenRaNovember 11, 2011 at 9:51 AM

    Damn. Forgot that bonds aren't trading today. HFT hell has started.

    ReplyDelete
  3. AnonymousNovember 11, 2011 at 10:08 AM

    Quotage..

    while the Algos are at play..

    "By a continuing process of inflation, governments can confiscate, secretly and
    unobserved, an important part of the wealth of their citizens. There is no
    subtler, no surer means of overturning the existing basis of society than to
    debauch the currency. The process engages all the hidden forces of economic law
    on the side of destruction, and does it in a manner which not one man in a
    million is able to diagnose."
    -- John Maynard Keynes
    (1883-1946) British economist
    Source: "The Economic Consequences Of The Peace"
    http://quotes.liberty-tree.ca/quote_blog/John.Maynard.Keynes.Quote.B248


    "If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer."
    -- John Maynard Keynes
    (1883-1946) British economist
    Source: The Economic Consequences of the Peace, 1920, page 240
    http://quotes.liberty-tree.ca/quote_blog/John.Maynard.Keynes.Quote.A927


    "The few who understand the system, will either be so interested in
    its profits, or so dependent on its favours that there will be no
    opposition from that class, while on the other hand, the great body
    of the people mentally incapable of comprehending the tremendous
    advantage that capital derives from the system, will bear its burdens
    without complaint, and perhaps without even suspecting that the system
    is inimical to their interests."
    -- John Sherman
    Protege of the Rothschild banking family
    June 25, 1863
    Source: in a letter sent to New York bankers, Morton, and Gould, in support of the then proposed National Banking Act
    http://quotes.liberty-tree.ca/quote_blog/John.Sherman.Quote.8C55

    AAIP

    ReplyDelete
  4. cvNovember 11, 2011 at 12:18 PM

    while the Algos are at play...

    ---

    Quick... Print some more money so the algos can keep on playing...

    Don't worry, in the end it will only cost you a Christmas Tree tax...

    ReplyDelete
  5. cvNovember 11, 2011 at 12:47 PM

    Sunday EARLY GAME picks up at...

    http://fantasy-sports-nation.blogspot.com/

    Alas... only one (3 unit pick)...

    I'll have several "multi-unit" picks for the afternoon games before all is said & done...

    ReplyDelete
  6. ben22November 11, 2011 at 1:04 PM

    Michael Bush

    Beast

    ReplyDelete
  7. ben22November 11, 2011 at 1:31 PM

    Ra,

    ISRG, going to put a $514 target on that stock, I have no position in it, only chart.

    ReplyDelete
  8. cvNovember 11, 2011 at 1:37 PM

    Bush was a beast at Louisville...

    He caught an unlucky break with an untimely injury or he might be making more dollars now...

    Kind of like Arian Foster in a way, but Foster finally got his shot as a starter...

    ReplyDelete
  9. cvNovember 11, 2011 at 1:39 PM

    But that's 'past' news...

    The NEXT ONE you need to look for (that fits the same profile) will be:

    Mikel LeShoure (DET)...

    next year bitchez!

    ReplyDelete
  10. ben22November 11, 2011 at 2:36 PM

    I have to admit I have no idea who LeShoure is

    cool name though

    ReplyDelete
  11. ben22November 11, 2011 at 2:49 PM

    I'd also like to say

    Go Heels! down with the Izzo

    preseason number 1

    bitchez

    ReplyDelete
  12. cvNovember 11, 2011 at 3:08 PM

    @ben (2:36)

    You ought to know him...

    He ran for 119 yards against your boys in Beaver Stadium last year (plus a 27 yard reception)......

    ReplyDelete
  13. ben22November 11, 2011 at 3:41 PM

    CV,

    they don't play most of the PSU games in DE, unfortunately

    maybe only 2-3 per year that I watch on tv, and I dont have the Big 10 network

    ReplyDelete
  14. AmenRaNovember 11, 2011 at 3:50 PM

    At least the bond market will be back in actio on Monday to keep the algos in check. I'm cracking up at all of the explanations in the MSM on why today is so bullish. Yet none bring up the fact that the bond market is closed.

    ReplyDelete
  15. cvNovember 11, 2011 at 3:50 PM

    Well...

    There's always the Blue Hens... lol

    ReplyDelete
  16. cvNovember 11, 2011 at 3:54 PM

    S&P looks kind of 'pennant/traingial-ish' since the end of October...

    Might be enough to buy some time to carry everyone thru Thanksgiving - Christmas (& pay BONUSES)...

    Imagine that!

    ReplyDelete