AAPL just set new HOD
Stock Market Today : May 21 - 25 - Page 22
OT: kind of but did anyone watch CNBC sqawk this morning they have this girl from Europe named Gemma Godfrey..Take a look and she is so hot and funny you would never figure her for a quantum physicist..
Trust me when i say this picture does her no justice..Can i just say see makes my blood boil...:-)
Chairman of the Investment Committee, Board Member, CNBC Contributor, ex- Hedge Fund Manager and Quantum Physicist
Yeah not sure either, but I wanted to see the 1526 low retested, getting down into the 1532 handle on a huge flush this morning with the dollar powering higher, then reversing, well that tells me that most likely gold is good for the long side short to mid term (maybe up to a few months out), risk down to stops under 1525 with upside potential to mid to upper 1600s makes for some good trades to poach from this level (upper 1550s). Looks like a rejection of prices at/below 1525 to me. There is a chance this also signals the end of this really good move up in the dollar, but that might just be coincidence if it is right, and dollar isn't so dependent on gold in the first place.
What say you guys about price here? I think a close above about 1303 is pretty bullish for tomorrow's action, and a close above 1306-1307 is pretty promising for this 1287 low holding for a while (maybe up to a few weeks or more). Always hard to tell, but that was quite a dump in equities and a huge stop run in gold/metals, with a recovery like this... hard not to like it, hard to add to longs right this minute, but it's rarely easy.
Why should we luddites get the news until 8:01 PM EST tonight? There's got to be something... this is not a simple technical bounce. Dollar is barely moving down. I am astounded we just sliced right through the pivot. AAPL shorts starting to hemorrhage.. it even hit that bad tick in 570.xx area.