Keyword Search: Technical (loose results)
1 Article
Source: Common Domain

‘Key reversal’ in Apple’s stock prompted a market rebound, but investors ought to be suspicious

Wednesday 19:07 GMT

• The end result is that Apple’s stock and the stock market staged a “key reversal,” which is a positive technical pattern.

• Apple’s stock was down on the news that a Chinese court had granted an injunction against Apple selling its products in China in favor of Qualcomm QCOM, +0.19%. • Apple uses Qualcomm technology. Please click here for an annotated chart of the Nasdaq 100 ETF QQQ, +0.33% Similar conclusions can be drawn from the charts of the Dow Jones Industrial Average DJIA, -0.22% S&P 500 ETF SPY, +0.02% and small-cap ETF IWM, -0.10%. • Apple carries a very heavy weighting in indices and, therefore, disproportionately affects the markets.

1 Article
Source: Common Domain

The S&P 500’s lower low warns that the worst is yet to come

Tuesday 22:46 GMT

The S&P 500 index just did something that a widely followed, century-old theory of market analysis would say is a sign that warns the worst may be yet to come.

As the S&P 500 rose to a record close in September, volume in the SPDR S&P 500 exchange-traded fund SPY, -1.96% averaged about 64.6 million shares a day, according to FactSet data. Another Dow Theory tenet is that trading volume should increase as the market moves in the direction of the primary trend.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte