• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

‘Real Motion’ Wrecked AAPL – Is The Market Next?

By Kurt Osterberg · On April 21, 2018

Earlier this week I highlighted how the market can be influenced by the actions of a few big components of ETFs. On Friday AAPL fell hard.

The media will blame it on an analyst downgrade, and fears of slowing sales in China, but that’s only the catalyst that explain why it fell. It doesn’t explain why it fell so hard.

When sentiment and momentum is strong, negative news (i.e. an analyst downgrade) leads to modest pullbacks in a trend. However, if the sentiment and momentum is negative, the news can be a disaster, even when the price trend looks healthy (i.e. APPL)

 

 AAPL has been under pressure from a negative momentum trend for almost 6 months as measured by our ‘Real Motion’ indicators. Unfortunately, AAPL’s the biggest component of the QQQ (11%), so it was dragged down by AAPL.

The market’s sell off was not all AAPL’s doing, but it does help explain when the QQQ’s got hit twice as hard as the SPY and IWM on a percentage basis.

Monday is going to be an important day, and Friday’s range may prove to be a pivotal range going forward because…

Last week’s attempt to reclaim the ‘bullish phase’ was a particularly critical one, because it’s corresponding with the same type of bearish ‘Real Motion’ condition that has plagued AAPL for months.

If the markets brush of the last two day pullback and resume the uptrend, it would be very bullish.

However, the opposite is also true.

In this week’s Market Outlook video, I covered this market phase and ‘Real Motion’ condition in greater detail than I can share here.

Key Sectors:

S&P 500 (SPY) Back to a warning phase, but sitting on the 10 DMA. Look for resistance at 267.70, 270 and then the swing high at 271.30. Support at 265 and 264. 200 DMA is at 260.25.

Russell 2000 (IWM) Held up well, but closed in decisively at stopping at logical resistance. Look for support at 155 and at 153.50.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    The Key to Continuing Productivity at Home

  • Finance

    Why Businesses Fail to Solve the Right Problem

  • Finance

    How to Track Business Expenses (And Why You Shouldn’t Put It Off)

No Comments

Leave a reply Cancel reply

Top Finance

  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce
  • Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals
  • Hedge Funds In The US Hedge Funds In The US
  • One Ring To Rule Them All One Ring To Rule Them All
  • Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates

New Posts

  • The Key to Continuing Productivity at Home

    The Key to Continuing Productivity at Home

    January 27, 2021
  • Why Businesses Fail to Solve the Right Problem

    Why Businesses Fail to Solve the Right Problem

    January 27, 2021
  • How to Track Business Expenses (And Why You Shouldn’t Put It Off)

    How to Track Business Expenses (And Why You Shouldn’t Put It Off)

    January 27, 2021
  • How to Get More Landing Page Engagement in 2021

    How to Get More Landing Page Engagement in 2021

    January 27, 2021
  • The Power of Renewal: How to Make This Year Better

    The Power of Renewal: How to Make This Year Better

    January 27, 2021
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018 NJCEE. All Rights Reserved.