WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.

Dots

...If the dots don't connect, gather more dots until they do...

Summer

Summer

Kokomo

Events

UPCOMING (MAJOR) ECONOMIC EVENTS...
* Mon. July 3 @ 1:00 pm ET ~ U.S. Markets close early for Independence Day holiday
* Tues. July 4 ~ U.S. Markets closed for Independence Day holiday
* Wed. July 5 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. July 7 @ 8:30 am ET ~ Employment Data
* Wed. July 12 @ 2:00 pm ET ~ Beige Book Report
* Tues. July 25 ~ 2-day FOMC Meeting Begins
* Wed. July 26 @ 2:00 pm ET ~ FOMC Announcement
* Tues. Sept. 19 ~ 2-day FOMC Meeting Begins
* Wed. Sept. 20 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
* Tues. Oct. 31 ~ 2-day FOMC Meeting Begins
* Wed. Nov. 1 @ 2:00 pm ET ~ FOMC Announcement
* Tues. Dec. 12 ~ 2-day FOMC Meeting Begins
* Wed. Dec. 13 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

Saturday, December 10, 2016

AAPL Poised For New Highs

If AAPL can break and hold above 120, we could see it soar to new highs. Watch for a bullish crossover of the MACD and PMO indicators and for the RSI to remain above the 50.00 level, as shown on the following Weekly chart.

Weekly AAPL

It's important that price hold above 110, as shown on the second Weekly chart below, as it represents a confluence of price and a 61.8% Fibonacci fanline major support level.

Weekly AAPL

Perhaps if AAPL executives can be persuaded to repatriate its considerable overseas cash to the U.S., in exchange for forgiveness of paying taxes on such a transaction by some kind of Congressional intervention (which includes, say, AAPL committing to invest in public infrastructure programs), you could see its stock break out to new highs next year. Maybe President-elect Trump's team can work some kind of magic in this regard.