BULLS - 72
BEARS - 0
For those playing the home game - Bulls stand for those thinking stocks will go higher and Bears are those negative on the market. To the charts.
From Vegas,
Stephen John Moran
The Bulls are ready to run the Bears out of the building and to frame this 'metaphor' in a way more can understand - if this was a football game the score would be---- BULLS - 72 BEARS - 0 For those playing the home game - Bulls stand for those thinking stocks will go higher and Bears are those negative on the market. To the charts. First we have a one year chart of the S&P 500. Look at the sharp breakout in the current week. Boom. Next, we have a picture of Apple, which stands in for 'large cap tech'. We can see from the chart the massive breakout that started in the 520ish range - and continues with power towards the 'number' I highlighted in my last post about $AAPL - 650. What happens at 650 will determine the short term direction of the stock. Could we see new highs or will the stock sell off and remain near 600? We shall see. I hope you've enjoyed this snapshot of Wall Street's day. Have a great weekend.
From Vegas, Stephen John Moran
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