Monday, April 18th, 2016

Some charts AAPL , GOOG, FB

Please click charts to enlarge

AAPL reversed here on 505 November 16 2012 and its back here. the stock is under relentless tax related capital gains selling under the perception that Fiscal cliff event would create higher tax rates. What if Fiscal Cliff didn’t happen?

Facebook unlocked 156 million shares and first thing they do is run to the bar and get a drink. So far 50 million shares have been dumped and this will continue for few days most likely if human behavior in the past is any guide.

GOOG overcame the resistance at 705 and the 50 day moving average. Has a strong trend line on the 1 hr charts. A move higher under healthy market would be the most likely card to hold .

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