Stocks Lose Early October 2012 Gains As Google And Apple Selling Pressure Continues: Stocks continued the market slide from yesterday as investors took more gains from the recent rally. Traders are looking to see if the latest technical support levels can hold and we’ve been watching Apple recently which hasn’t rebounded since hitting a new…
October 2012 Early Gains Fade After September Unemployment Report, Will Support Levels Hold? Check Google…. Will the current stock market rally last or has the Romney rally faded as a result of new unemployment numbers that came out last week? On Friday, the latest non-farm farm payroll report data showed the unemployment level had fallen…
Apple, Google Continue April 2012 Correction Before Earnings, Europe Headline Risk Fades: Apple helped increase short term negative technology sentiment this week as it continued its slide further into correction territory. We believed Apple was firmly in correction mode on April 16, 2012 and the company’s shares slid further beneath recent lows today topping out…
Financials 1st Quarter Earnings 2012 Up, U.S. Economy In Spotlight While Apple, Google In Correction Mode: Traders focused more on the U.S. economy and bank earnings today as opposed to Spanish bond yields or headlines from Germany. Citibank’s earnings beat Wall Street estimates today and financials got a strong start in trading before news came…
Google Trends Show “Recession” Search Volume Near 2008 1st Quarter Levels: Searches related to “recession” rising. The risks of an economic recession occurring (again) have grown and the political stage has new dynamics that are making the economy – mainstream news. The high rate of unemployment has many people focused on politics and its impact…
