Divy plays are what’s going to get hot soon, because of the tax rates going from 15% to 39% after Jan 1st – insiders can pay themselves on the dividends before they loose it to uncle scam, so be watching out for a slew of divy or buy back announcements soon after the elections if Obama wins. Corporations are goingn to take advantage of it. They would be fools not to. Call options on these hum dingers are going to be fun, despite what the market does…http://seekingalpha.com/article/897421-special-dividends-90-days-and-counting – Its going to be a very merry xmas! 8D
The market action now looks like they will rally tomorrow gang. They panicked and sold off in the ES afterhour when Apple and Amazon disappointed but it doesn’t want to stay down? If it were really going to tank hard I’d expect it to continue down… but it’s not.
They are holding it up above 1400 on the ES, which tells me they will either keep it flat tomorrow or start the rally. Hard too say…
Looking at the charts and watching the action right now (with Amazon and Apple both disappointing) I think what they are doing is clearing out the longs right now. This market doesn’t seem to want to break 1400 ES, so if it hold here in the afterhours session we could still see a rally tomorrow.
If it breaks then will likely tank hard tomorrow. It makes you wonder here as they allow us retail bear 2 days now to get short looking for another big move down. That should always make you worried.
While I don’t see anything to be bullish about the charts still remain very oversold. When the rally does come it could be brutal. Maybe they push the rally out until next week, or just keep on tanking it for about 13 days like the May 1st sell off? I just don’t know which right now?
Divy plays are what’s going to get hot soon, because of the tax rates going from 15% to 39% after Jan 1st – insiders can pay themselves on the dividends before they loose it to uncle scam, so be watching out for a slew of divy or buy back announcements soon after the elections if Obama wins. Corporations are goingn to take advantage of it. They would be fools not to. Call options on these hum dingers are going to be fun, despite what the market does…http://seekingalpha.com/article/897421-special-dividends-90-days-and-counting – Its going to be a very merry xmas! 8D
The low on Apple was 605.55 and the high was 622.00… both are master numbers of eleven.
$ndx down 20 now. Apple not down much. Will have to see how things transpire the rest of the night and into tomorrow.
The market action now looks like they will rally tomorrow gang. They panicked and sold off in the ES afterhour when Apple and Amazon disappointed but it doesn’t want to stay down? If it were really going to tank hard I’d expect it to continue down… but it’s not.
They are holding it up above 1400 on the ES, which tells me they will either keep it flat tomorrow or start the rally. Hard too say…
$ndx futures -40 pts.
APPLE SEES 1Q EEPS $11.75, , EST. $15.49APPLE SEES 1Q REV. ABOUT $52B, EST. $55.07B
DIRECT HIT TO AKAGI!!!(APPLE)
Now it’s showing AMZN down 2% at 222.92 when it had it at -6.94% earlier.
Apple halted and I don’t remember it being halted last earnings release.
Looking at the charts and watching the action right now (with Amazon and Apple both disappointing) I think what they are doing is clearing out the longs right now. This market doesn’t seem to want to break 1400 ES, so if it hold here in the afterhours session we could still see a rally tomorrow.
If it breaks then will likely tank hard tomorrow. It makes you wonder here as they allow us retail bear 2 days now to get short looking for another big move down. That should always make you worried.
While I don’t see anything to be bullish about the charts still remain very oversold. When the rally does come it could be brutal. Maybe they push the rally out until next week, or just keep on tanking it for about 13 days like the May 1st sell off? I just don’t know which right now?
Stock charts already showing a massacre in AMZN’s stock.
An apple misses too… just slightly though.