Monday, May 6, 2013

AAPL, SPY and GOOG Technical Analysis

AAPL: We advanced closer to the target, but no cigar yet. Friday's daily candle serves as a potential momentum waning warning sign for us if price is weak on Monday . Let the price action dictate what's likely to happen. This is still a 20EMA train until it violates that thesis. Easy ride so far.



SPY: As you can see SPY didn't even continue to test the daily 20EMA on Thursday after Wednesday's bear fun. The relentless bulls on Thursday made a daily bullish engulfing that retraced all the losses and the rest is history now.



GOOG: I didn't have time/forgot to post my target on this site, but my target has been reached. See here: http://bbs.cobrasmarketview.com/viewtopic.php?f=2&t=908&p=129373#p129373

Google has an obvious bullish chart,they are doing well. $850 is the next magnet level if morning run up on Monday.