Apple (AAPL) – 11-11-2011
Apple has a bit of an ugly daily chart, but the weekly chart is still pretty nice, with the stock at the bottom of the long term channel. The financials were skewed this year because the iPhone was shifted from the summer months to this quarter. However, the initial market research is saying that the Kindle Fire will actually be a strong competitor to the iPad this holiday season, so who knows if they’ll be able to keep up their ridiculous growth. Either way, it looks like AAPL is getting to a decent buy point if you’ve been waiting for a while.
Stock Market Analysis–07-19-2011
Just when it looked like the market was ready to fall through some support levels, we get a day like today. Maybe the US is about to default, but don’t tell the tech industry. After GOOG got back on track last week, a slew of other tech giants hit homeruns on their earnings calls, including IBM, AAPL, and VMW. While all interesting stocks to own right now, make sure you play them objectively since it’s easy to fall in love with companies you know and to hold on to them too long after the bubble bursts.
I have no doubt we’re forming another tech bubble, but don’t get too conservative too early. It could go on for another year or 2 or 5 and you’d be leaving too much money on the table trying to guess crash beforehand. Just manage your risk and stay strong with your stops.
Stock Market Analysis–04-19-2011
The market still seems to be heading south, but there’s some hope for the future. Some stalwarts like GOOG and BAC disappointed last week, but with INTC and VMW surprising, we may see techs bounce back sooner rather than later. A bunch of other big techs will be releasing their earnings soon, including a little company named Apple, so we’ll see how what the feeling is heading into the summer. Keep a close eye on the top of your watch list since the recent pullback made some enticing entry points on these earnings surprise breakouts.
Stock Market Analysis–02-24-2011
The market has been in a pretty long uptrend since September 2010. There was a patchy spot in November, and then a few places that looked like we might pull back, but overall the bulls have passed every test up to this point. We’re at another iffy spot, but to really claim a downtrend we’d have to fall through $1275. I stopped out on the last of my long term positions today, but will be ready to jump back in some new things should the market continue its march upwards. A lot of the stocks that I’ve posted recently are still valid ideas, and the typical long term favorites are also interesting (AAPL, GOOG, AMZN, etc), but I’ll be refreshing the watch list in the near future…
Stock Market Analysis–01-26-2011
Every time you think the market’s going to drop, it finds new strength. While not quite continuing the uptrend yet, it’s drifting away from the bottom of the price channel. The decreasing volume says this could just be an upwards correction, but it’s interesting nonetheless. Some of the leaders that I’ve been hoping for a new entry point on, like F or AAPL, haven’t come down out of the clouds at all. Fortunately, AMZN is experiencing some profit taking before their earnings call though. I’ll be watching that one closely…
Research in Motion (RIMM) – 09-25-2009
RIMM has been under attack from AAPL, GOOG, MSFT, and PALM in the smartphone market and it’s finally starting to show in their numbers. Their days of complete domination appear to be over, so now they need to come up with a way to keep their current user base or expand the market. Fortunately for them, the market is rapidly expanding, but they can’t afford to rest on their laurels or they’ll end up needing a huge comeback like AAPL in 2000 (completed successfully) or PALM right now (TBD).
The volume of the drop today outpaced the breakout that brought us here, so it will be interesting to see what happens. If the market follows through with its correction, RIMM may be a nice short play. If not, it should at least be interesting to day trade on some bounce back days. Either way, all of these stocks are interesting to watch if you like tech stuff for the long run too.