Saturday, October 1st, 2016

Stock Market and AAPL sell off


Market uptrend is still intact as you can see in this video. The individual stocks are not in uptrend specially the biggest stock AAPL that dragged the Nasdaq down with it. There were technical and tax reasons and news that blasted a furious move to the downside. The stock opened with a gap and was down 30 points in 90 minutes. Such is the work of institutional traders and nothing else. The ferocity of the move and the second sell off has rattled many investor’s confidence in the stock.

Fiscal cliff nightmare continues. You can see the content everywhere. This uncertainty is not healthy for a stock market.

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  1. […] today, setting a higher low and possibly a double bottom. The move looks more convincing after AAPL’s punishing down move yesterday, and we thought this stock is almost done for the year or gone. But coming this […]

  2. […] is nothing but down for the past 2 months. AAPL got bought up on 11/16 when it reversed, but the trend reversal is now negated because its rejection at 594 and its inability to retake 200 day moving average. Now we  have […]



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