Tweet By Jeff Pierce Months ago I proposed the idea that Apple was going to be in for a correction and that it was possible for the Nasdaq to go up even with Apple going down. At the time it was nearly inconceivable to think that it could happen and yet it did just that. [...]
Tweet By Jeff Pierce My target for Apple was sub $400 many months ago, and more specifically near the $387 range (although not for any Fibonacci level), I just found it interesting that the 50% retracement mirrored that level. And it may take a flush out event to cause some bulls hanging on to capitulate. That could [...]
Tweet By Jeff Pierce Obviously XHB could fall down to the support zone, but today’s bounce showed that it is still behaving bullish. Financials have barely pulled back. A .50 correction is nothing. Still bearish, but a countertrend rally is not out of the question.
Tweet By All About Trends Yesterday the DOW was up about 83 points at the close. Care to guess where a big part of that came from? You got it, a name that makes up 13% of the index — IBM. IBM was up to 5 points and that one name accounted for the bulk [...]