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Post by phoebear611 on Mar 13, 2014 3:09:46 GMT -8
Good morning all ~ it's Throw Back Thursday....let's try to keep this Little Engine That Could moving along that upward trend.
Patently Apple is running a story this morning: Apple Reveals a Component for their Future Wristband Computer c/net discussing Wedge Partners and Pacific Crest's outlook on future Apple products this year titled: Analysts on Apple: Looking to iPhone 6 upside Analysts wax eloquent on future Apple devices and strategies, including the iPhone 6, iWatch, and mobile payments. And in stranger news on AAPL, cultofmac reporting that France's Opera de Leon will begin performing a multimedia opera - combining the Steve Jobs' story with that of Henry V (taken from Shakespeare 1599 play). Weird.
US futures slightly higher - AAPL slightly green in PM (had a nice recovery at the close yesterday). Bunch of economic numbers being reported today: 8:30 a.m. - some of the larger ones are Jobless Claims (exp. 330k) and Retail Sales, 10:00 a.m. Business Inventories and 2:00 p.m. Monthly Federal Budget
The mystery on the Malaysian missing plane continues and now the authorities are saying that the plane may have flown for 4 additional hours after losing contact with the towers. Conspiracy theorists are out in full force - Where did the plane land? - Did it land? - What happened to the passengers? - Will the plane be used as a weapon of mass destruction in the future? This whole thing is simply incredulous...but my hearts go out to the families of those passengers. Awful.
Enjoy the day - cheers to the longs!
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Post by artman1033 on Mar 13, 2014 4:28:28 GMT -8
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Post by rickag on Mar 13, 2014 5:52:32 GMT -8
Gap closed, ?
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Post by rickag on Mar 13, 2014 8:52:51 GMT -8
When the gap closed and AAPL began to climb back positive for the day I was feeling pretty good. Not feeling good so much now.
May the 2:15 bump return.
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Post by phoebear611 on Mar 13, 2014 10:33:34 GMT -8
Any of the TA / EW folks care to shed any light here? Feel free
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Post by osx10 on Mar 13, 2014 11:17:52 GMT -8
Would be nice if the div & buy back stuff was announced soon. AAPL might be a safe place in a storm.
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Post by artman1033 on Mar 13, 2014 12:15:46 GMT -8
Any of the TA / EW folks care to shed any light here? Feel free I think it is all Ukraine related. Perhaps Monday will bring some change.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on Mar 13, 2014 12:46:50 GMT -8
Fingerprint Startup Claims Smartphone Security BreakthroughThis certainly looks to be an algorithmic tour-de-force based on the data in the article. The company claims to have sensor device that can read a fingerprint at a distance of 3 meters. And being able to use the regular camera on a smartphone to read the print would cut costs. But I believe this to be another example of where Apple's "whole widget" approach wins out. The secure enclave in the A7 provides a superior level of security for fingerprint data.
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Post by phoebear611 on Mar 13, 2014 13:09:54 GMT -8
Any of the TA / EW folks care to shed any light here? Feel free I think it is all Ukraine related. Perhaps Monday will bring some change. Actually, I believe China was the bigger issue...but the Ukraine doesn't help.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Mar 13, 2014 14:38:53 GMT -8
I think it is all Ukraine related. Perhaps Monday will bring some change. Actually, I believe China was the bigger issue...but the Ukraine doesn't help. Typical overblown bullshit US markets reaction. BTFD. Oh boo hoo, China's industrial output only rose 8.6%! Seems the Chinese markets weren't too devastated by this horrible news that China's policy to reign in growth a little bit actually reigned in growth a little bit. I'm no fan of centrally-planned economies, but we're all that now. At least China is smart enough to see the folly of bubbles, unlike our US bubble-pumper overlords. I BTFD. I'm getting to where I look forward to these red overreaction days. It's like Wal-Mart having a huge sale on ammo.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Mar 13, 2014 14:44:50 GMT -8
I'm no fan of centrally-planned economies, but we're all that now. At least China is smart enough to see the folly of bubbles, unlike our US bubble-pumper overlords. I don't suppose you've looked into China's massive Real Estate bubble? It makes the US Real Estate bubble from 2007 look ridiculously small by comparison.
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platon
Member
"All we can know is that we know nothing. And that's the height of human wisdom.? Tolstoy
Posts: 3,944
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Post by platon on Mar 13, 2014 15:08:11 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Mar 13, 2014 16:12:05 GMT -8
I'm no fan of centrally-planned economies, but we're all that now. At least China is smart enough to see the folly of bubbles, unlike our US bubble-pumper overlords. I don't suppose you've looked into China's massive Real Estate bubble? It makes the US Real Estate bubble from 2007 look ridiculously small by comparison. Of course I have, for several years, in fact. Including this recent story about a Steve Jobs statue in a Chinese ghost town. Which is why the Chinese are putting on the breaks in several sectors, including RE. Which is why I said in my previous post that the markets overreacted to a cooling-by-design of the Chinese economy. I said the Chinese were smart to try to head off a bubble. I didn't say I'd buy a condo in beautiful downtown Ordos.
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Post by david on Mar 13, 2014 16:12:46 GMT -8
The last sentence in the article: "On the bright side: The boy’s sister said the family took the shattered iPad to the Apple store in Uptown, along with video of the incident, and they were given a new iPad."
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Post by appledoc on Mar 13, 2014 17:40:58 GMT -8
Less than ideal day. Amazing how quickly the chart can turn.
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Post by phoebear611 on Mar 13, 2014 18:14:42 GMT -8
Today's market was insane but it makes a person very uncomfortable. Traders don't like to carry risk over the weekend especially when there is geopolitical conflict heating up. So chances are that the market will be soft tomorrow unless Putin does something viewed as positive by the West - which won't happen OR the BTFDers walk in and bid the market - which is also somewhat remote. But this is a complete overreaction of "something" I'm not even sure of! May be nibbling tomorrow on this name and a few others.
Doc - can you kindly elaborate on levels we need to hold or what type of technical damage may have been caused today. If doc isn't around - anyone else can share your insights as well.
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Post by appledoc on Mar 14, 2014 1:03:47 GMT -8
Phoebes, we're getting BB compression, which typically means a big move in one direction or the other. After Wednesday's close, we were above all the meaningful moving averages. Now we're below them all, except for the 200 day. MACDh has reversed course. Be careful if 515 doesn't hold. And if 493 doesn't hold, it will be a long and uncomfortable spring and summer.
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Post by artman1033 on Mar 14, 2014 1:30:33 GMT -8
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Post by artman1033 on Mar 14, 2014 1:51:10 GMT -8
I AGREE with little Markie! BUT I think he is part of the problem...
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