I’ve gotten a few emails asking me where I see support on Apple (AAPL). Ideally, It would have found support right at the November highs but it sliced right through that area. Now I think the logical area to expect buyers to step up is at the 50-day moving average, which is currently [...]

I thought I’d walk through the NASDAQ chart for the last month or so to show you how I came up with my game plan. This chart will look a bit different than the charts I usually post because I’m showing Guppy’s Multiple Moving Averages instead of just showing the 10, 50 and 200-day [...]

We had some very interesting action today. The indices averaged about a 2% drop on the back of a much better than expected ISM Services report. That’s not what the bulls want to see. Despite the large percentage drops, only the Nasdaq had an increase in volume. And even that increse [...]

The NASDAQ, after today’s gap down, has just made an island reversal.

Tags: Island-Reversal