Apple Inc AAPL Reports Earnings After Stunning Bull Run 1-28-20
AAPL Apple Inc Stock Chart 1-28-20 Before Earnings
Is Apple Stock a Buy-the-Dip Pick Ahead of Tech Giant's Earnings Report?
Apple stock is slipping on Monday but reports earnings on Tuesday after the bell. What should investors do? The charts give clues. Put simply, the rally in Apple (AAPL) stock has been obnoxious. Even with Monday’s 2.5% decline, the stock is still up more than 96% over the past year.
For a company that now sports a market cap north of $1.3 trillion, that type of rally is simply stunning. The question now is: Do investors buy the dip in Apple and, if so, when?
Continue Reading | thestreet.com
Starbucks Stock Looks Solid Heading into Earnings Report
Starbucks stock has doubled since the lows of June 2018 and is currently hovering around $93.
The company is expected to report Q1 FY2020 results Jan. 28. Now investors are wondering if they should buy into Starbucks at these levels. However, given the recent impressive gains in the stock price, especially since Nov. 2019, I expect short-term profit-taking in Starbucks.
The main reason for the stock market’s decline is NOT the coronavirus
CHAPEL HILL, N.C. — The coronavirus is getting a bum rap as the cause of the stock market’s recent weakness.
It’s not that any of us should have sympathy for the virus, of course. But I don’t want to let the real culprit get off scot-free. That real culprit is market sentiment: Short-term stock market timers, on balance, have been extraordinarily bullish for a couple of months now.
Hard Money Expert: “Reno Gold Secret could hand investors a small fortune.”
Nobody could’ve predicted a tiny ad in a small Nevada newspaper could turn $100 into more than $32k and lead to one of the greatest investment secrets in history.
BA Boeing Inc Stock Chart 1-28-20
Good morning and welcome back...
Today we are using our tracking journal to revisit a trade we called out on January 21st in BA Boeing Inc. (Review the trade setup here)
The stock price hit major support, had bad news and massive potential to decline if the sellers could hold the offer. I cautioned entering the trade without confirmation and a clear signal to trigger the short sale.
Today we have the signal. A perfect inside day after failing at resistance.
First a word to the wise. The reason I waited for confirmation is to lower the risk profile and because many times a stock breaks a major level it fails and traps undisciplined traders into big losses.
So the today the stock should begin a fast move but we need to watch both sides of the trade and then act like a pro.
I'm game planning for the stock to break below yesterday's low and initiate a new short sale. My stop loss is above the resistance shown in the chart.
If the stock trades higher out of the inside day, I'm letting the trade go. This signal only applies to today's price action.
A key I want to stress today is your tracking journal. As you run your scans each night don't abandon good setups that aren't ready. You'll miss a ton of opportunity without reviewing all setups.
I often find some good trades I took a loss on give me a new, better opportunity to earn a profit.
Have a great day.
Pete
