DISQUS

Made good money on uyg and sso. 666 was a great call and we were due for a rally just like the 50% retracement was

We Hit that 666 on the S&P 500 before short cover rally. INTERESTING.

Your comments in the past saved me money on AAPL. I might have traded it more without your insight into the market and AAPL.

I prefer the old style of tell it like it is. I want to hear the good and the bad. Screw the whiners who say your biased.

Those two retards cost my gains this year. Obama said detailed plan on tuesday. All Bs

I wouldn't say GOOG was down 3% yesterday after-hours. It was at $311 and one trade of 1900 shares came in last at 298. That wasn't a real closing number.

Same thing happened with AAPL after-hours.

Apple will have a solid Quarter but their guidance will be very weak.

The current Q will be OK but not shocking either way.

The stock will not move all that much because of valuations. Up down 10%.

That's my guess.

That's the problem with the MARKET. They LIE!!

Glad I never touched AAPL.

Why was AAPL so weak lately when the market wasn't??? Insiders knew.

Why did Jobs not attend MacWorld - he looks bad.

Why not just be honest instead of lying and hurting 99% of investors.

DUMB!! Get well Steve.

I think people should enjoy their own personal community (family, friends, outdoors) versus some online community. Kinda gay imo.

Anyway, it looks like Apple is going to the CES now. That's a big positive. I still liked the MacWorld show though. With the size of their company - they could have done both. MacWorld was a party. You don't get anything "Special" in the retail stores.

Why announce this now? Are they using it as a cushion for flat news?? I don't expect bad news.

We're getting our Jan 20th Rally.

More buyers than seller right now. S&P finally cleared 918.

Odds say we move up now. Market has clearly mellowed and made a short-term bottom. We are seeing the round up now. Perhaps we get close to 1000 on the S&P in the next couple of weeks.

No reason to buy AAPL imo. Too much risk. Better buying the market.

Jobs health is old news until actually proven. We've heard it before.

I agree that Gold is the play later this year.

The market has avoided the big down days recently. We are drifting lower but we are still above 850 on the S&P 500 so we are still in a bear market rally. The rally recently has been weak and we have failed to stay above some important levels but the downward pressure isn't nearly as severe as it was recently.

I still believe we rally in Jan leading up to the 20th. After that we probably peak and pullback.

Apple is absorbing the news that Jobs might be much less active in the company. That's the main reason it's weak right now. Yes, we had stories about possible weakness in retail but Apple of all companies is very strong. The stores are packed.

Dropping MacWorld is a major disappointment. The only reason to do it is because Steve won't be around. It's such a cheap and exciting experience for the money. The stock is factoring in a transition and we may get news of that in a month etc.

I'm all cash for now and looking for a rally and sharp spike up in the S&P very soon. I think we get to about 960-980 by late Jan. That's what I'm "looking for" right now.

Walmart to Sell iPhone on Sunday 28th?

Would Apple get a bump? I haven't traded apple for a couple months but I'm wondering if $90'ish looks interesting for a trade on the news??

Tuesday we have lots of economic news.

http://biz.yahoo.com/c/ec/200852.html

Perhaps a rally monday with some selling near the close????

I wonder if the market is going to move up daily next week with the holiday's here.

During Thanksgiving week it moved up 800 points after tanking prior.

Something I'll be looking at.

AAPL is dead. I'm surprised it didn't move up on RIMM??

It amazes me that the market can have several days of nothing but positive movements and then - like someone turned on a switch or told a group of funds - that they can sell now or something.

Is Today sell the news? I know I did. What will next week bring. It's a traders market.

You need to look at fair value on the futures. As of right now they are positive. Don't know about the morning.

http://www.cnbc.com/id/17689937

We'll see if the market gives up the rally or if this was just a sell-off on Fed news but that market still wants to go higher. I don't expect a retest of the lows until after earnings in Feb at the earliest right now.

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Everyday, CNNfn calls trading desks that calculate this figure after the market closes. If they say, for example, that fair value is "plus 10," the futures contract needs to be 10 points above the cash index's close the previous day to be at its fair value relationship to cash. S&P futures trade nearly 24 hours a day. So if, before the stock market opens, futures are trading above their fair value relationship to where the S&P closed the previous day, stocks are likely to open higher.

----

DETROIT (Reuters) - General Motors Corp and Chrysler LLC made significant progress late Thursday on a deal to secure emergency loans as part of a U.S. government aid package, people familiar with the talks said.

The package would demand sweeping restructuring at the troubled automakers in exchange for bridge loans to carry GM and Chrysler for several months, according to the sources.

Emergency federal loans for the two companies could be announced by the government as early as Friday, according to the sources who were not authorized to discuss the negotiations.

Representatives of the two automakers and the U.S. government continued talks late into the evening on Thursday, people familiar with the closed-door discussions said.

I forgot to mention - futures are up.

Also, Oracle and Rimm did pretty well. Keeping current estimates for the Q.

We'll see how it plays out.

1. We have an ascending triangle which is bullish.
2. We might have a double top at 918 - not good.
3. Auto bailout might happen tomorrow.
4. Oversold today for no good reason. GE what if's and Auto BK talk. Looks to be funding now???
5. Still above the 20 day and 875.
6. Friday's have been good lately.
7. Financials have been solid.
8. Market has ignored major bad news lately so a little pullback doesn't mean that much yet.

gumdrop,

Zach was saying (what you described above) may happen.

I still think the market may go down to retest 7400 or possibly lower in the next couple of years.

The VIX may still spike. Perhaps we get real panic in mid 2009 or right after 4Q is announced and retailers start lining up for bankruptcy? These are all things to look for.

Technical Analyst is just a tool. If Apple is trading at 15 times earnings - I'm a buyer based on valuations. If Apple is at 40 p/e I'm out. TA is used to spot resistance and support.

Discussion is old.

Gumdrop,

I can tell you that TA is a great tool. Fundamentals are more important but TA gives you areas to watch.

Let me put it this way.... if the Dow came back to 7400 again - would you expect lot's of volume and price spikes in that area? Would you expect a double bottom perhaps?

If it broke through that level... would it just go down 50 points or would it probably go down 200-300 fairly quickly?

Fundamentally, the market would still be priced about the same - why the action?

To not see this and understand it is naive.

The way I see it....

Sounds like Jobs is getting ready to step a side. Now this needs to be factored in a little. If Apple every announced his departure the stock would drop 20% in a day etc.. Sounds like they are talking the market down.

Second, MacWorld was a party. Jobs came on and talked it up and introduced cool products in front of Thousands of people. Yes, they can invite people to their own arena but it's smaller and doesn't have the same flare. Perhaps Apple doesn't have anything great this Jan. to introduce and doesn't want to be tied to the same date.

It's sad news and the party is gone. Kinda like not having a New Years party anymore.

Rimm earnings coming up.

Market closed above 50 day moving averages I believe. S&P got above resistance of 896.

Bought SSO and UYG on the Fed news. AAPL is dead money compared to markets.

Market needs to hold onto gains and the rally will have legs IMO.

Pulling out of MacWorld doesn't make sense. It's a SHOW. They need to keep the SHOW.

Zach, just keep reporting what you see and feel and you'll continue to provide a service that "normal" investors find informative. Don't bother with the fanatics.

I agree with your assessment. The market should be moving higher but it's struggling too soon. The barrage of negative news is drowning and real movement up so far. That can change - but it needs to happen soon.

Market holding up with even more bad news.

I expect an AUTO deal by Monday and a retest of the Dow 50 day.

S&P 500 needs to clear 896 and then on to 50 Day.

The market doesn't want to roll-over. It has not been able to hold on the way it has lately in months. It's still above down trend and back in play with the 20 day average - also above 875.

Real Story on the Jobs Report

http://www.nytimes.com/2008/12/06/business/econ...

Many have stopped looking and many are part-timers.

I'm not touching AAPL right now. I'd rather place it safer and play the market technicals.

AAPL has been weak. The last one to show signs of sales weakness.

The funny thing is - they reported HORRIBLE guidance - much worse than ever before but STEVE (God) got in on the call and talked the stock up. That was some sales job.

I love AAPL and look forward to buying it again but I like UYG and SSO right now.

The market looks to be more horizontal and a break above those levels would probably be impressive. I'd say we get some fight on Monday and Tuesday??

Were is the Down Trend line right now. Are we right at it again?