9:00am (EST) The bulls moved the market needle north yesterday but not much was accomplished. The major indexes closed above the first layer of resistance but remain trapped between their 50-day and 200-day Moving Averages (MA’s). The bulls seem to be getting the most licks in but the bears are
Stuck Between the MA’s, Again
Research in Motion Continues Sell-Off
Research in Motion (RIMM, $43.22, down $1.42) is down another 3% today and its chart looks like a train wreck waiting to happen. The stock fell hard last week, tumbling from $57 to $49 after lowering guidance and has been in a downtrend since. You could have made a sweet
Is Apple Ripe or Rotten?
Apple (AAPL, $88.90, down $1.22) is trending lower this morning after a price target cut on its shares. Credit Suisse reduced their target for Apple to $120 from $135 as it sees weakening demand for the PC market. They maintained an “Outperform” rating on the stock. I’m a huge Apple