Tuesday, September 10, 2013

Tuesday afternoon ... Apples' next big thing

Tim Cook's idea to pump Apple's sales.
Only $19.95 with any iPhone 5S
The news about lessened possibility of military action in the Middle East is wearing off already.  Be vigilant and honor your stops.  We are overbought on the SP-500.

Tuesday morning


Monday, September 9, 2013

Monday evening

SP-500 Daily Chart
We closed above the 50 day simple moving average.  Some would say that is now support.  I say the 50 day has not been particularly relevant at any point on this chart.  I would point out that it appears we had a pullback to 1560ish and now we have made a higher high (early August) and now a higher low (late August.)  Volume has been better over the last 5 trading days (green too) than the preceding 20+ days.  If there is continued discussion of a way to avoid lobbing missiles at Syria we could continue the march higher and test 1700.