Tag Archives: Apple

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 →

Posted in Apple | Tagged , , | 2 Comments

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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Week in Review: Momentum To Be Tested

Posted on April 10, 2011 by macromon

This week will be another key test for the markets.   The U.S. equity indices are right up against their year highs and there seems no let up in the momentum in crude and other commodity prices.  This is surprising given … 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

Week in Review

Posted on March 13, 2011 by macromon

We don’t have much to say in a week that ended with the terrible tragedy in Japan.   Every major equity market we track was down with the Nikkei not surprisingly performing the worst and will no doubt open down big … Continue reading →

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Apple Defying Gravity in Today’s Downdraft

Posted on March 4, 2011 by macromon

CNET does a good job summing up why the market is all lathered up over Apple.  Even after yesterday’s $7 plus move the stock is only down 0.20 percent as the overall market gives it up.   Lucky for Issac Newton … Continue reading →

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Apple Faces Key Test w/ iPad2 Release

Posted on March 2, 2011 by macromon

We’re watching Apple very closely on the release of iPad2.  The chart below shows the stock is in a testing zone.  The recent high of $355.72 needs to be taken out on the release and/or the $341.13 50-day moving average … Continue reading →

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Apple Sitting on 50-day Moving Average

Posted on February 22, 2011 by macromon

Apple is now testing its 50-day moving average for only the second time during the incredible 55 percent rally, which began in late August.   If it breaks here,  the next key level of support will be the .618 Fibonacci at … Continue reading →

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