Tag Archives: Google

Goog Bye

[edit]  This sounds like it was some kind of ‘called’ trade, but it was not.  The bottom pattern below was simply mentioned in a public post back before it broke out.

Taking profit on GOOGL, as it is already above the measured target of the little bottoming pattern and approaching resistance.  A quick 7% trade.


Google, Microsoft & AMD Join Intel in the Dumps

Google, Microsoft and AMD joined Intel, which helped shave the SOX yesterday in an otherwise bullish market, in the earnings disappointment sweepstakes.

But then again, this market is all about its obsession with Fed policy isn’t it?  If earnings season disappoints it keeps alive our biggest picture scenario, which is economic contraction being fought by inflationary monetary policy.

That is all I care about because sooner or later if confirmed, the correct investment themes (or lack thereof) will present themselves within this environment.  One thing I will say is that inflation proponents – especially in the precious metals – did not need a blow out Google quarter and a robustly cheering US stock market.  So that’s a √ in the fundamental column there.

Now, about crude oil… the next target is 110 and it needs to hold around there.

Guest Market Analysis, News and Commentary


e = external link

Gold, and Dilemmas  Michael Ashton  3.5.13
Obama’s Sequester Smokescreen  Eric Fry  3.5.13
Why the Market is Ripe for a Major Shift  Adam Fischbaum  3.5.13 e
Gold Investor Index Slips to 5 Month Low  Adrian Ash  3.5.13
Real Rates vs. Gold: The Direction of Travel  Adrian Ash  3.5.13
The World no Longer Needs Raw Materials to Grow  Zero Hedge  3.5.13 e
Apple, Google & the Nasdaq 100  B.I.G.  3.5.13 e

More Market Analysis, News & Commentary

Apple Falling From the Tree

I did indeed buy a little Google based on the chart shown a few days ago, for an anticipated Santa rally.  It’s an okay company with a stock chart that showed it had tested a huge support zone.  My favorite tech company is Apple, but I wouldn’t touch this stock with a 10′ pole.  Not until the noted support area near 400, anyway.

Think about the herd that piled into this bubble.  How bad will it get as more and more of them realize the bubble popped?  I am sure the wise guy traders are all out and the more alert mom & pop investors.  But what about that final tier folks who only peek at their portfolio every 3 months when a statement comes?  If AAPL could get a quick, panicked drop to 400 it could be a good trade if the regular stock market is still strong at the time.  I’ve got it on watch.


Google Hit Support as Projected

Several weeks ago we looked at the chart of Google in the newsletter after the initial hard breakdown, to gauge what may lay ahead.  The idea was a hard break, then recovery, then renewed decline (i.e. an A-B-C type correction) down to massive support.


GOOG is among the things I might like to ‘long’ for a few weeks or more, depending on FOMC and its aftermath.