Here are some bearish technical points on Apollo Group, Inc (Nasdaq: APOL) I thought I’d share with you. Thoughts and questions are encouraged in the comments section.
Archive for November, 2009
TA Tuesday: A Few Bullish Cases
Posted: November 10, 2009 by nickfenton in Market ThoughtsTags: bullish, charting, charts, FCX, ISRG, life, NTAP, path of least resistance, SBUX, set up, starbucks, stock market, technical analysis, trading, up trend, uptrend
We all know the market is ripping higher almost daily. The gains since March lows are incredible. There are many that feel the market may be overextended a bit here, including me, but that does not change the fact that the path of least resistance is to the upside. I will continue to ride the [...]
The Real Story Behind Unemployment
Posted: November 6, 2009 by nickfenton in Market ThoughtsTags: american, chart, charts, data, government, real unemployment, real unemployment rate, the real unemployment, the real unemployment rate, trand, u-3, u-6, u3, u6, unemployment, unemployment rate, workers
October’s Employment Situation Data was released at 8:30 EST this morning. Back in June I posted a blog predicting a double-digit Unemployment Rate in July’s report. I was 3 months ahead of myself. The U-3 Unemployment Rate for October came in at 10.2% this morning. It has not been this high since April 1983. Here’s [...]
Cream or Sugar?
Posted: November 5, 2009 by nickfenton in My TradesTags: 52 week high, average in, bearish, building a position, bullish, coffee, earnings, IRA, long, portfolio, release, report, resistance, short, starbucks, via
I’ve been building a Starbuck’s (Nasdaq: SBUX) long position in my IRA since early June 2009. I started buying in June because I liked the strong rally off the 12.50 support level and felt it was time to start adding SBUX to my long term portfolio. As with most positions, I have purchased SBUX in [...]
