Apple seems to be breaking out here above 150. The 148 level has been tough and it looks like a clean break here.
May sell off a bit on earnings like Google. But maybe a 4% pullback on blow out earnings should be good for an entry point.
Apple and tech look poised to lead the Nasdaq higher into Q4. Intel's earnings lead me to believe that the Mac notebooks sold very well and that's before Back to School bumps since Dell is just done.
The fearless forecast here is that Nasdaq is headed for 2,000 as Apple leads as well as the PC cohorts lead into Windows 7 release for the fall. The rising tide will lift all boats.
Oh and the Semi's look like are breaking out. SMH 22 is now support. SMH may be headed for 30 depending on Texans earnings next week.
What a week it is. The trend is turning up on decent earnings.
Apple breaking out
Started by
T.A. MASTER
, Jul 17 2009 12:25 PM
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