it’s the transportation index continuing to rage to multiple new all time highs almost daily for the last 2 years that leaves the door open to the rest of the market also going higher from here. look at ‘that’ chart.
I’ve been wondering when that split would occur. Someone else had mentioned it would occur in a couple of weeks. Another reason for it to have topped today and sell off on the “news”. Monday is 6-2 or 611.
Apple’s little rebound helped bounce the $ndx to the old highs while the overall $compaq lagged quite dramatically. Very reminiscent of the March 27,2000 $ndx high. Rut has also bounced feebly now as it did back then (from initial early March 2000 high).
So does denouement take a fast form into Miami Thrice the 13th or a slower form into a date dearer to my heart.
Apple should hit 650-655 Geccko, and then it’s a short in my opinion. But, they are doing a 7 for 1 split on Monday, June 1st so you’ll have to divide that to figure out the new level to short it.
Apple buying Beats for $3 billion which doesn’t seem so outlandish unless it’s a junk company.
In the indie flick, Chef, the blogger/ food critic sells his blog to AOL for $14 million which does seem to hint at the AOL Time Warner merger that marked the technology bubble top back in 2000. Is AOL still around??? The Chef/ El Jefe does promote his work on Twitter quite extensively in the flick and even gets in a twitter flame war with the aforementioned critic. He takes his show on the road, going indie buying a food truck and selling his wares starting in Miami (South Beach), then to New Orleans, and then back to LA. The flick does seem to be a social media homage to the tech times we live in and has extensive numerology sprinkled throughout the story.
I thought the French Open ended this weekend but it looks like we have another entire week to see if Federer survives.
They’re ringing the bell at the top with the Ballmer/ MSFT take-over of the Clippers for $2 billion to bring closure to the Sterling/ Clippers ritual. Bull market icon Donald Sterling bought the Clippers in 1982 (31 yrs ago) for $12 million and now will sell them for $2 billion. I guess this ritual was symbolic of the impending demise of the great bull market …and a retreat back to 1982-1987 levels? Sterling was also a developer of luxury apartment buildings so he is quite representative of the great bull market but he does get bailed out to the tune of $2 billion.
We are so close to a top now it’s not even funny. Whether it’s today or tomorrow morning I don’t know but with the DOW almost at a double top, the Nasdaq pretty much at one already and the S&P Futures near the Apex of a rising wedge I have to think a 2-4% drop is really, really close.
it’s the transportation index continuing to rage to multiple new all time highs almost daily for the last 2 years that leaves the door open to the rest of the market also going higher from here. look at ‘that’ chart.
Interesting. apple seems better suited as a high triple digit stock to me,but it certainly gives smaller investors a chance to get a little.
I’ve been wondering when that split would occur. Someone else had mentioned it would occur in a couple of weeks. Another reason for it to have topped today and sell off on the “news”. Monday is 6-2 or 611.
Apple’s little rebound helped bounce the $ndx to the old highs while the overall $compaq lagged quite dramatically. Very reminiscent of the March 27,2000 $ndx high. Rut has also bounced feebly now as it did back then (from initial early March 2000 high).
So does denouement take a fast form into Miami Thrice the 13th or a slower form into a date dearer to my heart.
Apple should hit 650-655 Geccko, and then it’s a short in my opinion. But, they are doing a 7 for 1 split on Monday, June 1st so you’ll have to divide that to figure out the new level to short it.
Apple buying Beats for $3 billion which doesn’t seem so outlandish unless it’s a junk company.
In the indie flick, Chef, the blogger/ food critic sells his blog to AOL for $14 million which does seem to hint at the AOL Time Warner merger that marked the technology bubble top back in 2000. Is AOL still around??? The Chef/ El Jefe does promote his work on Twitter quite extensively in the flick and even gets in a twitter flame war with the aforementioned critic. He takes his show on the road, going indie buying a food truck and selling his wares starting in Miami (South Beach), then to New Orleans, and then back to LA. The flick does seem to be a social media homage to the tech times we live in and has extensive numerology sprinkled throughout the story.
I thought the French Open ended this weekend but it looks like we have another entire week to see if Federer survives.
They’re ringing the bell at the top with the Ballmer/ MSFT take-over of the Clippers for $2 billion to bring closure to the Sterling/ Clippers ritual. Bull market icon Donald Sterling bought the Clippers in 1982 (31 yrs ago) for $12 million and now will sell them for $2 billion. I guess this ritual was symbolic of the impending demise of the great bull market …and a retreat back to 1982-1987 levels? Sterling was also a developer of luxury apartment buildings so he is quite representative of the great bull market but he does get bailed out to the tune of $2 billion.
SPX Update: http://screencast.com/t/Ak6Lyw35DNy
ES Chart update: http://niftychartsandpatterns.blogspot.in/2014/05/es-chart-update_30.html
SPX Update: http://screencast.com/t/1cVysMdUxvL
We are so close to a top now it’s not even funny. Whether it’s today or tomorrow morning I don’t know but with the DOW almost at a double top, the Nasdaq pretty much at one already and the S&P Futures near the Apex of a rising wedge I have to think a 2-4% drop is really, really close.
http://screencast.com/t/PKhpJDrroyb