Let's Get Apple Out of the Way
It is probably best to get Apple (AAPL) out of the way early. A slew of other reports are coming at us after the close Wednesday, and before the bell Thursday, but of course the Apple release is what's on everyone's mind.
Looking at the chart, it is hard to disregard the bias seen in tech earnings Wednesday. But, despite Tuesday night's earnings-spurred big-name tech rally, we're not guaranteed to see such action again this evening. Still, I would lean bullish on Apple given very low expectations for the report, as well as a chart that looks set up to move higher toward the $538-to-$548 area. At the very least I expect the stock to test resistance around $528 to $529, where we see the thick blue line....378 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
