Federer was bounced from the French Open yesterday. I don’t know if LeCarre’s crystal ball was foggy or if it was ritual appropriate. It did occur on Sunday as in the book. Now for the official corporate takeover/ shareholders’ meeting where one mafioso is forced to sell to the kingpin mafioso. Sounds about right for the Clippers ritual except I don’t know if the NBA board of governance meeting scheduled for tomorrow June 3 is still on when the owners would have voted 29-0 to banish money bubble icon Donald Sterling from the NBA.
And then the Russian theme of Dima pitted against the 7 Vors who are unofficially sanctioned by the Kremlin is very topical for the times. Except the takeover and subsequent denouement took place in Switzerland. We’ll have to watch for any developments taking place in Switzerland (although we did have a nice metals mining takeover there after the French Open 2 years ago that fit the theme pretty well)
Doing a split like that is a “tell-tale” sign of weakness up at this level. It’s running out of steam and a lower price should give it a little more of a boost higher. It could actually hit a double top from 9/21/2012 at 676.81, but I think it will pullback first (probably at the same time the market does).
The market could go higher into mid-July but we are overdue for a pullback and I think we’ll see it this week. My best guess is that we’ll top on Monday or Tuesday morning. Then I’m expecting a 2-4% pullback to start.
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.
Federer was bounced from the French Open yesterday. I don’t know if LeCarre’s crystal ball was foggy or if it was ritual appropriate. It did occur on Sunday as in the book. Now for the official corporate takeover/ shareholders’ meeting where one mafioso is forced to sell to the kingpin mafioso. Sounds about right for the Clippers ritual except I don’t know if the NBA board of governance meeting scheduled for tomorrow June 3 is still on when the owners would have voted 29-0 to banish money bubble icon Donald Sterling from the NBA.
And then the Russian theme of Dima pitted against the 7 Vors who are unofficially sanctioned by the Kremlin is very topical for the times. Except the takeover and subsequent denouement took place in Switzerland. We’ll have to watch for any developments taking place in Switzerland (although we did have a nice metals mining takeover there after the French Open 2 years ago that fit the theme pretty well)
Doing a split like that is a “tell-tale” sign of weakness up at this level. It’s running out of steam and a lower price should give it a little more of a boost higher. It could actually hit a double top from 9/21/2012 at 676.81, but I think it will pullback first (probably at the same time the market does).
Facebook and QQQ Charts: http://niftychartsandpatterns.blogspot.com/2014/06/facebook-and-qqq-resistance-levels.html
The market could go higher into mid-July but we are overdue for a pullback and I think we’ll see it this week. My best guess is that we’ll top on Monday or Tuesday morning. Then I’m expecting a 2-4% pullback to start.
dr. dre and jimmy iovene sure liked that 3 billion dollar price tag.
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.