APPLE Skyrockets Towards $300

Apple has been trading sideways for most part of this year ($240 - $265), but recently in September Apple made a breakout above $265 level.  It is now headed quickly towards $300.  Once it reaches $300, there will be some profit taking activities and will

APPLE in Consolidation

After making a great run in 2010, going from $190 to $270, AAPL has now settled and has been consolidating for past 3 months.  As seen from the 3 month daily chart below, AAPL has mainly been trading between $240 - $270 range with a “Bull” Trap” occurring at $275.  I do not expect AAPL to be in this state for a long time and thus we should soon see AAPL making another major movement.

How Far will AAPL Decline During Market Sell-Off?

Yesterday, S&P 500 finally closed below 1,040.  This is really not a good news for Longs.  The stock market will continue to be negative momentum until it can close above 1,040.  Until then, I

AAPL Completing its Head & Shoulder Pattern

On February 2, 2010, almost 1 months ago, there was an article, “AAPL: Key Support at $185” on Long & Short Investment.   In this article, we discussed about the potential signs of a price reversal in Apple and pointed out that there is a head and shoulder

Understanding The Market Leaders in Technology: GOOG, AAPL, AMZN, IBM

To predict the market, it is always wise to examine the market leaders because the strength and weakness of the market is generally based on the market leaders.  When there is a weakness in the market leaders, it can serve as a warning that

AAPL: Key Support at $185

Recently, it has been a roller coaster type of ride for Apple (AAPL) as it experienced a big sell-off last week going down from its high at $215 to $190.  However, it has made a positive move today with its close at $195 level.  In looking at one year chart, it looks