Tag:GOOG
AAPL and GOOG
AAPL fell below 50 day moving average today (October 8th, 2012). It closed at $638.17, dropped $14.42. History of AAPL tells us that when AAPL falls below 50-day moving average it has the tendency to move back above 50-day moving average pretty fast. In fact it could rise as much as 2 percent in a week and 8-9% by end of December. My target on AAPL is $750 to be achieved at or before end of December 2013.
GOOG reports its third quarter earnings on October 18th after market close. Based on the history of its earnings for third quarter GOOG gaps up 2.75% and goes down 1.15% from open to close. This means if a trader is holding Calls in GOOG before earnings announcement it is better to sell at open as GOOG has higher chance of drifting lower after gapping up.
However, there is always an exception and trader should be mentally prepared for exception.
Noshee – Your Trading Buddy
Dow Jones, S&P and NASDAQ 100
The markets have not changed since I posted few days back. Dow Jones future (YM) having hard time maintaining 12,500 level. It seems it has found resistance at 12,580 level and the break of 12,340 could bring it down to 12,185. I expect one big down day to bring Dow Jones to 11,869-11,880 level. This is where I expect Dow Jones to find some support. Dow Jones resistance above is at 12,735-12,740 level.
S&P Future (ES) failing miserably at 1328-1330 level. It is unable to penetrate. So this is telling me that eventually S&P would come down. The support is at 1297 and 1280. 1280 should not be broken otherwise S&P could come down fast towards 1265-1268 and possibly all the way to 1245. S&P resistance above is at 1340-1345 level.
NASDAQ 100 is unable to conquer 2560 level. Watching NASDAQ 100 future for last five sessions telling me that NASDAQ 100 does not have strength. The support it has found is at 2500 and the break of 2460 (the recent low) would bring it down to 2420 level and once 2420 level broken then we could see 100 point drop. All big names are going down AAPL GOOG PCLN AMZN. AMZN had good run up and I believe it is about to give in and come down tumbling to fill the gap. QQQ closed at 62.07. It can drop 6 points. DIA closed at 124.26. It can drop $5.5 points. NASDAQ 100 resistance above is at 2580-2600 level.
GOOG is Trapped
GOOG is trapped. GOOG rose and hit the resistance. It could break the trend line support and fall to $595.
Chart shown below:
GOOG is Trapped
GOOG Setting Up For A Fall
GOOG is at support and if broken may fall to $620 level. MACD giving sell signal. 
Chart shown on the left.