Category Archives: Apple

Godot Finally Shows, Nobody Home

Posted on June 14, 2011 by macromon

The markets were finally able to generate the bounce that everyone was waiting for,  but on relatively low volume, however.   Most of the move took place overnight on the release of China’s economic data.  Apple had a nice move,  … Continue reading →

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S&P500 Numerology

Posted on June 6, 2011 by macromon

U.S. equities continued their downtrend with the S&P500 closing off 1.08 percent on the day.   The chart below illustrates how the mid-day hard sell-off in Apple took the S&P500 with it (see here for Apple’s leadership role).   The market was … Continue reading →

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When Apple Leads, the Market Catches Fire

Posted on May 31, 2011 by macromon

Apple was up over $10 today in a rare 3 percent plus move not related to an earnings release and its biggest gain since the 3.28 percent January 24th bounce after the post earnings sell-off.   The stock was bolstered by … Continue reading →

Posted in Apple, Charts | Tagged , , , | 6 Comments

The New Economic Stimulus: Default on Your Mortgage?

Posted on May 24, 2011 by macromon

Jim Cramer had an “Eureka Moment” on his  show last night: When 17 million people cease paying their mortgages… and that’s if everybody does… you have 17 million people losing the biggest monthly payments they have to make, totally at … Continue reading →

Posted in Apple, Bonds, Economics, Housing | Tagged , , | 4 Comments

Will Apple Win the Pennant?

Posted on May 10, 2011 by macromon

After trading sloppy all day Apple caught a nice bid into today’s close.  The stock is forming a classic pennant pattern and a close above 353.01 would be a bullish signal the stock is ready to break to new highs. … Continue reading →

Posted in Apple, Charts | Tagged , | 1 Comment

Apple: Break Out the Pom Poms

Posted on April 21, 2011 by macromon

We’re gonna put on the pom poms for Apple again here.   Last night the company reported $65.6 in cash and marketable securities, which equates to around $71 per share.    Adjusting for the cash and assuming a conservative $27 in earnings … Continue reading →

Posted in Apple, Earnings | Tagged , , | 1 Comment

Apple Juices the Shorts

Posted on April 21, 2011 by macromon

The past week we have been blasted with e-mails and comments about Apple’s head & shoulders pattern, how it’s going to $280, blah, blah.   This stock is a fave of the MoMo boyz and the leveraged set, which is a … Continue reading →

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Apple’s Bullish Hammer?

Posted on April 13, 2011 by macromon

First a disclaimer.  You know our confirmation bias on Apple. We think it is the best company in the world, the Five Star General of this bull market, and the leader in the new wireless/app driven global economy.  We recognize … Continue reading →

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Apple Holds Key Support at $330

Posted on April 12, 2011 by macromon

You should know by now that we believe Apple is the Five Star General of this bull market and have watching the poor action after the stock made a closing high of $360 on March 4th.   It held key … Continue reading →

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Apple Closes Below 50-day Moving Average

Posted on March 15, 2011 by macromon

After an impressive rally off its day low at 340.10,  Apple failed to close above ts 50-day moving average for the first time since September 2, 2010.  The stock was up 50 percent from August 24 to its March 4 … Continue reading →

Posted in Apple, Equities, Japan | Tagged , , | 1 Comment