The “Easy” Trade in Apple
On January 3 Tim Cook shocked the investment by pre-announcing earnings problems and slowing iPhone sales. Fundamental analysis is above my pay grade so I am not going to go any further. It was shocking because I couldn’t find any other pre-announcement since 2002. There may have been one, but it wasn’t easily found. The stock had already collapsed from $233 to $147 before the warning. That magnitude, 37%, is not what you normally see even during a 20% decline […]
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Date: January 30, 2019
Dow Jones Industrials Come Calling for Apple Today
After many years of speculation and a healthy 7 for 1 stock split to boot, the folks at Dow Jones finally added Apple into the venerable Dow Jones Industrial Average effective the close on March 18. This had to be one of the worst kept secrets on Wall Street for years. As I mentioned in my 2015 Fearless Forecast, I thought this would happen in 2015. There were no excuses left not to add the tech giant and bellwether. In two […]
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Date: March 19, 2015
So Far So Good!
Just two ago, I wrote about the stock market “groping” for a bottom and laid out a scenario for that to begin on Wednesday. The beaten down Russell 2000 was the key as it very quietly had been outperforming the market for three days. That behavior is not what you typically see if a crash was unfolding. Our indicators and systems backed up my own thoughts and our equity strategies went to maximum exposure at the close on Wednesday. When […]
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Date: October 17, 2014
Stock Market Groping for a Low
If you woke up this morning, turned on the computer or TV and saw another Texas healthcare worker with Ebola, European markets under siege yet again and our own stock market futures in collapse, you probably did not feel so great. Anxiety? Panic? As the morning progressed and our stock market opened, your saw an immediate mini panic with the Dow down 370. At the same time, the 10 year treasury note’s yield absolutely and totally collapsed under 2%. That […]
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Date: October 15, 2014
Apple Is Still Vulnerable, Could Test $250 in Bear Market
A familiar and often controversial topic over the past year or so has been my very negative forecast for Apple. As you know, we do not buy or sell individual stocks as part of our investment strategies but used to view Apple as THE market leader and now a bellwether stock. Long-term, nothing has changed in my view, but I do think a potential rally is setting up that could take the shares into the mid $500s. I will discuss […]
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Date: June 5, 2013
CNBC’s Fast Money TODAY in the 5:00pm Hour
I am going to be on CNBC’s Fast Money between 5:05pm est and 5:35pm est today, January 14, discussing my long-term negative forecast on Apple and what it means for the stock market in general.
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Date: January 14, 2013
Apple Turning Around
This morning, you likely received an email with Apple in the subject line and no content. I apologize for that! I was in a Philadelphia hotel room on the way out and I thought I hit “paste” and send. Obviously, my fat little fingers missed a step. When I received it on my phone, my first reaction was, NO! It reminded me of those unscrupulous Dotcom bubble stock touts who would send emails with either the company’s name or stock […]
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Date: December 24, 2012
Will the Country Even Function on January 1?
The latest Street$marts has been posted! http://www.investfortomorrow.com/newsletter/CurrentStreet$marts20121221.pdf
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Date: December 24, 2012
Bulls Draw Line in the Sand
It certainly took a while, but the bulls finally drew a line in the sand and defended their turf after a 9% pullback from the September peak. The day started out like many others during the decline with weakness to new lows. But after the “geniuses” in congress held a press conference and all agreed to compromise (Gee, what a word!), stocks lifted and ran higher into the close as monthly options expiration and short covering ahead of the weekend […]
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Date: November 19, 2012
German Courts and Apple
Markets breathed a collective sigh of relief after the German courts ruled “favorably”, allowing the European bailouts to continue. Apple unveiled its latest iPhone as the stock sits near all time highs. Both events did not inspire the markets to do much other than digest as they awaited the Fed’s 12:30pm announcement on Thursday. By the end of the week, the markets will have digested the ECB’s latest pledge to buy European debt in a HUGE way, Apple’s new phone, […]
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Date: September 20, 2012
