IT'S AN APPLE WORLD!
Shorter lines, higher expenses, a stock buyback, and a dividend are all
part of Apple's world this morning. Can this juggernaut of a stock
maintain its momentum, and can it be stopped? Today, we take a close
look at this stock and share our views on what we are seeing using our
Trade Triangle technology.
CRUDE OIL TRADES OVER $108 A BARREL.
We show you where this market is headed in today's video.
Today's Winning and Losing SECTORS:
CONSUMER GOODS: +0.19%
INDUSTRIAL GOODS: +0.10%
3 Stocks on the move today:
UNITED STATES STEEL CORP (X), CITIGROUP INC (C), and UNITED PARCEL SERVICE INC (UPS).
Did MarketClub's Trade Triangle technology get it right on these three stocks?
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
S&P 500 INDEX
BIG PICTURE: Strong Trend +100
TRADE TRIANGLES: Monthly = Bullish| Weekly = Bullish| Daily = Bullish
With a Score of +100, this index is in a strong upward trend.
Long-term and intermediate-term traders should remain positive on this
index. Longer term we expect this market to move up to the $1,550 to
$1,600 level by late May, early June based on our cyclic work. With all
of our Trade Triangles green, we are in full bullish mode.SILVER (SPOT) BIG PICTURE:
Trading Range +55TRADE TRIANGLES:
Monthly = Bullish|
Weekly = Bearish|
Daily = Bullish
We expect the current rally in silver to run out of gas around the
$33.00 area. A 61.8% correction takes this market back down to the
$30.40 area on the spot market. With a Score of +55, the silver market
is in a trading range. Only our long-term and short term Trade Triangles
remain positive on silver.