Well, after couple days of rest, the markets came back jumping!! DOW closed above 13000! Yippee!! SP 500 is eyeing 1500! Nasdaq finally jumped above the 2525 resistance. Even SOX managed to make gains after such a stellar performance yesterday! OIH broke out, again!
And, what do we have after the markets were closed? More wonderful news!! AAPL delivered, again! And, it’s trading above 102 in AH (see my posting on Trading Goddess Stock Blog). AAPL should propel SP 500 over 1500 and help Nasdaq to chase after its upper BB tomorrow! GOOG should also get inspired to make a move above 480!
Nasdaq
Finally jumped above 2525! With AAPL’s earnings, Nasdaq should move closer to its upper BB tomorrow! It would be a heck of a move if it catches up with it!
SP 500
SPX is not that far from 1500. It should reach it tomorrow!
OIH
After negotiating with its 10-day MA for a few days, OIH decided its time to leave it behind! We should see this above 160 soon!
GOOG
GOOG’s performance after its recent “blowout” earnings has been puzzling! Maybe people are waiting to see what AAPL has to say? Now, that AAPL has lots of good things to say, it’s time for GOOG to make a run!
MU
For some reason, MU is catching many readers attention. So, I decided to do a chart! I think its daily chart is getting better. But, I’d like to wait and see if it breaks out of the BBs! The BBs are narrowing in; so, better be safe to make sure that it doesn’t get trapped!
AAPL should spotlight the techs tomorrow, but, don’t forget the oil related stocks; they seem to have caught some new momentum!
Good night and HappyTrading!(tm)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
5 Comments
Happy,
Nice chart. My interest in MU is due to semi being my industry and I tend to keep an eye on the few remaining large US IDM’s. They’ve also been making up some ground since their earnings.
Then I was checking EE Times today and saw this:
Plus,
I guess HTML isn’t allowed in posts! Here’s the link on DRAM prices…
http://www.eetimes.com/news/semi/showArticle.jhtml?articleID=199201052
Mr. Sparkle,
Hey, thanks for the info. Very interesting! Qi reported earnings today and the reactions were good in AH. It was apparent to me that they meet the estimates, but, perhaps people liked the prospect going forward? I’ll definitely post again when I think that MU is about to make a big move. Are you thinking about buying the common stock or options? I trade mostly options so timing is very sensitive for me.
Ahh!!!! Those calls spiked and I had my order in for June 12s at 0.40 this morning. No fill…
.4?!? it’s trading at .8!! =)
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