I was reviewing my charts today when I saw AAPL making a cup & handle formation. The handle of course is a bull flag which broke out of it channel on 04/15/08. I want to see if it does make a measured move upwards to around 181. The reason for that because price created a low on 3/17/08 with a “flagpole” movement of 37 that ran into the bull flag.
Let’s keep an eye on AAPL!
We saw another triple digit day on the Dow with a 228 point gain, a 61 point gain in the Nasdaq, and a 24 point gain on the S&P 500. The catalyst was earning reports of major companies like Citi Group and Google. Citi Group’s report wasn’t a surprise and we found that Google blew the analysts out of the water. Google drove the tech heavy Nasdaq today with a big gap up that wasn’t quite expected!
Its interesting to see what else will happen in this time of earnings season.