After watching Steve's weekend newsletters and realizing how
just about everything is at an inflection point (thanks Steve!),
I'm wondering if Apple's earnings on Tuesday might be the catalyst
that will tell the tale for the market. It's in a nice cup and
handle pattern, EXCEPT the volume pattern in the handle isn't good
-- vol should dry up in the handle and we've got two days of
expanding down volume -- maybe a tell -- but earnings are a crap
shoot and the big kahuna might well lead us one way or another. I'm
thinking the market might just mark time until then.
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AAPL reports Tues after the close
Posted by puma on 1st of May 2017 at 02:12 am
After watching Steve's weekend newsletters and realizing how just about everything is at an inflection point (thanks Steve!), I'm wondering if Apple's earnings on Tuesday might be the catalyst that will tell the tale for the market. It's in a nice cup and handle pattern, EXCEPT the volume pattern in the handle isn't good -- vol should dry up in the handle and we've got two days of expanding down volume -- maybe a tell -- but earnings are a crap shoot and the big kahuna might well lead us one way or another. I'm thinking the market might just mark time until then.