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* APPL (Apple Inc.) - day one of the blog on 10/21/16 I included that the "chart appears to be signalling downside, anticipate a move towards $110." I wrote that very near the latest highs on 4 days later at $118.25, the stock closed today under $111.50. I think it might rebound from here but with elections around the corner Wall Street might stay suppressed so my stance is neutral at the moment. I do love to gloat, my AAPL speculation was pretty on point. There were some good puts to be based o…
joker_ill's Blog
Weekend Review - Currencies and Indices
* The US Dollar slid down about 0.5% into this weeks end after spending the week at 6-month highs. The Buck appears to be gearing up to pullback around 1% before testing resistance so my stance is bearish with a 1-3 week outlook. * The Great British Pound traded in a tight range compared to the average since Brexit. Sterling started last week off plunging to annual lows and accumulated through the rest of the week. I'm bullish on the Pound with a very long-term outlook but I wouldn't doubt the b…
Macro-Market Brief 10/26
* Wall Street had a slightly erratic day opening down, springing up and then unwinding. Currently the Dow Jones Industrial Average is up 0.3% while the NASDAQ is down 0.55%. * AAPL (Apple Inc.) is down more than 2.5% after opening down from above $118 at yesterdays close to under $114 at the opening this morning. Even so, its' uptrend is still holding up although weak trading tomorrow could break the trend which would be a sign that the NASDAQ might capitulate through this months range. My bias …