Global Capital Reserves: Housing Data Turns Apple Rally Into Housing Rout

Tuesday, October 20, 2009

Housing Data Turns Apple Rally Into Housing Rout

Apple's earnings last night caused the stock market to rally immediately, but the rally immediately lost steam. This morning's disappointing housing data reversed the euphoria and turn it into a stock market rout instead. What a difference an hour makes!

Recommended Book List

Analyse Technique et Volatilite (english version here)- Philippe Cahen
Analyse Technique et Volatilite - Philippe Cahen
Bollinger on Bollinger Bands - John Bollinger
Candlesticks Explained - Martin Pring
Creature from Jekyll Island, The - G. Edward Griffin
Creature from Jekyll Island, The - G. Edward Griffin
Disciplined Trader, The: Developing Winning Attitudes - Mark Douglas
Dynamic Technical Analysis - Philippe Cahen
Enclyclopedia of Technical Market Indicators, The - Robert Colby
High Probability Trading - Marcel Link
Phantom's Gift
Psychology of Risk, The - Ari Kiev
The Ascent of Money - Niall Ferguson
Trading in the Zone - Ari Kiev
Trading in the Zone - Mark Douglas
Trading to Win - Ari Kiev

Disclaimer:

This is a personal, not-for-profit web site, reflecting the opinions of its author. It is intended to be a personal journal of private trading and insights into the author's experience and trading methodologies. It is not a production of the author's employer or his business, nor is it affiliated with any NASD broker/dealer. Statements on this site do not represent the views or policies of anyone other than the author and/or invited guest authors. The information on this site is provided for discussion and recording purposes only, and are not investment or trading recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities or any other financial instruments.
This information is not to be construed as an offer to sell or a solicitation or an offer to buy the commodities herein named. The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to the accuracy, and is not to be construed as representation. The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results. All images on this site are presumed to be in the public domain. Please advise us if this is not the case for removal.

Tuesday, October 20, 2009

Housing Data Turns Apple Rally Into Housing Rout

Portfolio Manager, Head Strategist

About Me

My Other Blogs:

Blog Archive

Recommended Book List

Labels

Disclaimer: