“Last week, a person who knows nothing about the market asked me how to short stocks.  This is reminiscent of the stories of the shoeshine boys providing stock tips, near the roaring 20’s market’s top.  The sentiment is just too negative right now.  Does this mean the market has to turn up?  Not necessarily, but the [...]

With AAPL now closing above its 30 day average (red line),  the short term trend is up again.  A close back below the average (currently 199.02) would cancel this up-trend signal. The longer term trend remains up.

I used TC2007 to scan the market for stocks that meet my most stringent fundamental and technical criteria for rockets.  These stocks have great fundamentals and technicals, have already doubled their price a year ago and are near 5 year or all-time highs.  I have listed in this table the 11 stocks out of 4,000 [...]

I am still concerned that AAPL (and NFLX) is showing technical weakness.  On Friday, the stock could not hold its 30 day average and its 10 day average (blue dotted line) remains below its 30 day average.  See the daily chart for AAPL below. While AAPL could always break above its 30 day this week, [...]

Since I posted a few days ago a Guppy chart showing short term weakness in AAPL, the stock declined and then bounced on Wednesday.  The stock did reach a very low level on its daily stochastics (10,4,4) indicator and a  reversal of the short term down-trend is still possible.  However, I am waiting for a [...]

While still in a longer term up-trend, AAPL has closed below its critical 10 week average for the first time since its rise began last March.  (Daily volume has also tended to spike on the down days.) Since March,  AAPL has more than doubled. The longer term trend remains intact, but this daily Guppy chart [...]

My indicators are all positive again.  There were an amazing 398 stocks in my universe of 4,000 that hit a new high on Friday.  59% of the 4,000 stocks closed above their 10 week averages.  Nevertheless, two rocket stocks I have written about weeks ago are now in downtrends, STEC and GMCR.  GMCR has now [...]