Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, September 3, 2012


Stock Market Technical Analysis Blog

Click on chart to enlarge

The chart above is a 5-month chart of 120 minute bars of AAPL.   Traders and investors will be more intensely focused on AAPL tomorrow to see if Wall Street can put their baby back into the ascension channel.  AAPL is by far the most widely held stock of all the big Wall Street firms, they do not like this one to sell down.  On the Daily chart it printed a bullish hammer reversal candle implying they will attempt to restore the channel.  We will have to see...

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