360° Coverage : Priceline And Apple Say Good Things About Overall Market

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Priceline And Apple Say Good Things About Overall Market

Priceline And Apple Say Good Things About Overall Market

Jan 17 2014, 4:33pm CST | by

What a week this has been.  It started with a broad sell-off, but on Tuesday the indexes recouped all that was lost on Monday and traded the rest of the week up to either lateral or trend channel...

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27 weeks ago

Priceline And Apple Say Good Things About Overall Market

Jan 17 2014, 4:33pm CST | by

What a week this has been.  It started with a broad sell-off, but on Tuesday the indexes recouped all that was lost on Monday and traded the rest of the week up to either lateral or trend channel resistance.

With respect to the indexes, the trend of buying stocks at support in tandem with the indexes at support remains in tact.  At some point this trend will change, but for now that remains the trend to trade off of.

The action in the indexes was nothing compared to the Mr. Toad’s wild ride in leading stocks. On the plus side, Priceline.com (PCLN) and Apple (AAPL) bounced nicely from support areas.

On the downside it was a rough week for many of last year’s big winners:

So what does this tell us?

With regard to leading stocks, there’s two ways to look at it.  The first is it’s always a stock picking market and from time to time leadership rotates from past leaders into new leaders — solar could be a new leadership area as those stocks had a big week. Leading stocks often rally BEFORE the market does and fall BEFORE the market does.

The sell-offs in many leading stocks combined with the indexes close to short-term resistance can’t be ignored.  Any healthy pullback off of resistance to support levels would do a world of good for those of us that like to buy leading stocks at support and not chase stocks.

So we’ll continue to sit back and let stocks come to us and use support levels as our low-risk entry points.

Source: Forbes Business

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan R ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by robbers ...
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Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rej ...
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Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datu ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the s ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in compensa ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry M ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

8 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

8 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Baza ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

8 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Sk ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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