I think you are right on AAPL! And with a P/E of 22, you are making at least 5% versus 0% in checking accounts! Any growth is of course extra bonus. Thanks for the call!
Update, futures moving up a bit further over the last couple of hours!!!! S&P FUT 1267.8 2.3 +0.18% DOW FUT 11604.0 17.0 +0.15% NAS FUT 2286.75 4.25 +0.19%
market makers know that most are short...hence you short squeeze... the trend has bee up since september 2010 breakout...ony pullack was november and only a few days... quantitative easing and FED welfare support they'll keep squeezing until all short capitulate...Goldman Sachs and crime syndicate own this market they have unlimited buying power at 0% interest... they push this market to dumb money AND short squeeze AND fed buying..tripple whammy.. this market won't take it's due course until FED get out of the free market. and let the market do it's own thing. it's manipulated on thin volume and no volume..there isn't even profit taking. absolutely nobody is buying excpet short positions covering. hence low volume. and no volume...nobody buying or selling ===doji. sucks to trade dead markets when no momentum and all you get is short squeeze and choppy dick trading.
A few hours ago the futures were pretty much unchanged, however in the last couple hours they have surged..... Earnings Hopes Lift Futures S&P FUT 1271.9 _ 6.4 +0.51% DOW FUT 11641.0 _ 54.0 +0.47% NAS FUT 2294.5 _ 12.0 +0.53% OIL 89.68 _ 0.43 +0.48%
the market is supposed to go up 20% this year. given the fact that it is a risk-free return the market should be up at least 5-10% in the first weeks of 2011.
All of these posters who start a thread with a proclamation and try to time the S&P in terms of a major market reversal are consistently wrong because they are using incorrect timeframe sampling horizons in their analysis. Some of them are also, IMO, over-reliant upon wave count techniques. The market has clearly accepted these price levels as correct value, and the more time that we spend at these levels the further this gets reinforced. When a market is in a rally trend, I am looking only at the lows. I want to see if the lows can get taken out in successive sessions, and if indeed we are witnessing a series of higher lows. ES future Monthly: ES future Weekly:
I dont think we will see a day with the dow down more than 100 points all year, it will be like the last 2 months . Three days a week dow is up 20 to 30 and other days down 10 to 20.
Disclaimer: doesn't really matter to me what happens on a weekly time-frame as I trade intraday. It is very unlikely that we see a break above the ceiling at 1277. Support at 62 is even stronger. Should stay easily within that range all week and most of next week. I expect an eventual breakout to the up side.