Saturday, September 3, 2016

Apple 5 Year Daily Technical Chart

Technical Indicators Looking Outstanding For A Run Up. 50 Day vs. 200 Day Death Cross in Aug-2015 Has Finally Turned to Golden Cross Early Sept-2016 (see star). Post FY Q3 2016 Results, Finally Seeing Encouraging Price Gains Above Top of Negative Megaphone Pattern. As of Jul-2016, Bouncing Off Oct-2013 Peak At iPhone 5 Launch. 2016 Potential Bright Spot Still The Patterned Run-Up In Months Proceeding New Integer iPhone Launches, Now Less Than A Week Away. Has High-End Smartphone S-Cycle Peaked? Apple May Be Helped By Galaxy Note 7 Recall For Exploding Batteries. Fundamental Story Is Neutral On Compare to iPhone 6/+. One-Year Consensus Analysts Estimate Has Climbed To $124.11, From $123.86 On July 29, 2016:

US Labor Department August Report

Post-Recession Unemployment has improved dramatically from a high of 10%, to the current 4.9%, but the US Economy added only 151K Jobs in August. Employment, as measured by Labor Participation, is down from a Recession high of 66.2%, to the current disappointing 62.8%, suggesting most of the improvement in Unemployment is the result of people leaving the Labor Force. Total Unemployment (blue line) at 9.7% lends support to the position of a weak job environment: