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Apple and Markets Breaking Down as Commodities Rollover

Started by Zach Bass · 10 months ago

Commodities have rolled over today evidenced by the Agriculture Fund DBA which lost its 200-Day moving average on Friday, then fell like a knife today through critical support at 34.80, to end the session down 1.84 (5.13%) to 34.05. Agi wasn’t the only victim, our nemesis Oil ... Continue reading »

2 comments

  • marcos

    11 months ago

    There is no volume in Apple trading and its vulnerable to scumshorts that manipulate it under these circumstances. Fundamentally the stock should be just over 195 rising daily instead its over 40 dollars lower and sinking on light volume. I think the market itself is building a bottom here and in a burst of energy based on some good news should lift dramatically over your upper resistance levels, maybe within 2-3 weeks on the outside. By the way, will someone put a sock in Greenspan's mouth?
    reply
  • Zach Bass

    11 months ago

    We shouldn't expect any significant volume in the markets until the end of the month, when people get back from vacation and start the juices flowing again. Perhaps the Beijing Olympics will provide some sparks. It will be interesting to see what type of advertising coverage Apple bought for the Olympics.
    reply

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