AAPL update: bull flag forming!? Targeting $150s

In my earlier update on AAPL I already showed that a trade below the $123.36 made on May 6 meant minor 4 was ongoing. See here. This call was correct, and the possible bull count was incorrect as AAPL bottomed last week at $119.22 and has since gained almost 7% in  less than a week.…

SPX update: a look at long term trends and simple moving averages

This is an excerpt of this week’s “weekly digest” available to premium members only because Intelligent Investing is celebrating it’s first year with this new website. As such everybody can now join I.I. for FREE for one month without any obligations*. Click here to sign up now. Monthly chart With the month of June in the bag, let’s take a…

Put/Call ratio suggests market may be close to bottoming? 

Price is always the final arbiter, but sometimes anecdotal evidence can tell us an additional story, especially when at extremes. In this case lets take a look at the CPCE: equity put/call ratio. On Monday it spiked to 0.94, which is ebrn higher then the 0.91 reading during the mid-October 2014 Ebola scare 10% correction. Signaling…