Tuesday 28 April 2015

1pm update - AAPL leading the way back up

After some completely unjustified early morning weakness, Apple (AAPL) has turned positive, a daily close in the $133/36 zone now looks probable. Metals are holding gains, Gold +$10, with Silver +1.4%. Oil is battling to hold moderate gains of 0.5%.


AAPL, daily



GLD, daily


Summary

*metals are approaching rather important resistance levels. If the upside continues, the bearish H/S formation will be negated, and instead, offer upside across May.. and probably into June.
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Little to add... as King O' continues to drone on about Baltimore.. and other issues.
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notable weakness: Discovery (DISCA) -1.2% @ $31.80s... remaining stuck... and vulnerable to losing the $30 threshold.