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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

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

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NOTABLE POSTS WITH IMPORTANT UPDATES...

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.