AAPL Downside Could Accelerate
We suggested a few weeks back that bottom fishing in AAPL was likely a bad idea. This commentary came on the backs of our original post on the name back on October 5th, 2012 when the stock stood at nearly ~$660 and…
Time to Take Profits on Short AAPL / Long GOOG Spread Trade
On October 3rd, when it stood at ~0.88, we noted the ratio of AAPL vs. GOOG still had ~20% in additional downside (i.e., GOOG had the same amount of out-performance left vs. AAPL) until it hit noteworthy support. As of…
Bottom Fishing in AAPL Remains Ill-Advised
We’ve been bearish on this name since early October when it stood at $658 all the way back to this post. We noted at the time that if support were to give way it would likely fall ~20%-35% lower to…
Are YHOO’s Weaknesses Now Its Strengths?
We’ve mentioned YHOO bullishly on the site two times in recent months. Here, we noted YHOO was likely to grow closer with AAPL over time given the combination of the latter’s disdain for GOOG and flop in Maps on its…
How Far Might AAPL Fall from its Once Mighty Tree?
We’ve been bearish on this name for some time now and noted the following in our last post about it on October 6 when it stood at $658: “…we view the technical set-up in the stock as being as precarious…
Some Key Risk-On Assets Reaching Support?
SPX, AAPL and Euro all approaching some type of relevant support. I find the combination of all of these approaching support levels interesting in the context of our analog work which suggests we should expect a near-term bottom in equities…...
AAPL Sitting on Year-Long Support; Next Support 20%-35% Lower
We’ve been bearish on this name since slightly before the iphone 5 announcement and have been far more favorably disposed to GOOG as posts here, here and here suggest. With today’s decline we view the technical set-up in the stock…
GOOG Has ~20% of Additional Out-Performance vs. AAPL
The chart below plots the ratio of AAPL vs. GOOG. As the ratio declines AAPL is under-performing GOOG. The ratio has recently completed a bearish H&S pattern and has broken below support line (1). It’s next major areas of support…
GOOG Up 9% Since Our Bullish Post Two Weeks Ago
On 9/12 we had a bullish post on GOOG and noted it’s time for out-performance was likely near given a strong technical and seasonal set-up (GOOG has only had one down October out of eight in its entire trading history and average…
Technicals & Seasonals Suggest iPhone 5 Release Could Disappoint AAPL Investors
Chart below shows AAPL on a daily basis. On a more granular basis at inset (A) the stock appears to have broken down from a mild ascending wedge pattern yesterday formed by lines (1) and (2). On a longer-term basis at…...