Thursday 2 August 2018

One trillion dollars

US equity indexes closed on a positive note, sp +13pts (0.5%) at 2827 (intra low 2796). The two leaders - Trans/R2K, settled +0.6% and +0.7% respectively. Near term outlook offers another cooling wave back to support of sp'2796/95.




US equities opened moderately weak, but there was an opening reversal, and the market clawed upward across the day. The sp' settled with a bullish engulfing candle, which does lean to s/t upside. VIX swung from the mid 14s to the low 12s.

Basic technical necessity remains sp'2768, but the s/t outlook is conflicted, as today's settling candles are suggestive of further strength, against daily price momentum that still leans to the bears.

The trillion dollar tech monster

Today was Apple's day, as it became the first one trillion dollar company. 

AAPL, 1983-2018

First, keep in mind that the AAPL IPO was Dec'1980, but my data only starts from 1984. In any case, things really only got interesting from March 2009 onward. The next $1trn stocks: AMZN, GOOGL, and MSFT. Would that make for the 'four horseman'?

Any excuse...

Extra charts in AH (usually around 7pm EDT) @

Goodnight from London
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