- Analytical Commentary -

January 28, 2010 (FinancialWire) (By Frank Kollar) — Shares of Apple Inc (NASDAQ: AAPL) have seen huge swings this past week as the market was served first with a greater than expected quarterly earnings report and then on Wednesday, the announcement of the highly anticipated tablet device, the new Apple iPad.

Here is a question: With blowout earnings this quarter and a new apparently well received Apple iPad announced, why are shares of Apple up only 1% on Wednesday? And why are they not at new highs?

Something may be wrong in Apple land.

If shares can close above $215.04, their prior rally high, they should reach the next resistance level at $222.76. This is not much gain potential considering this stock is not acting right.

Of course tomorrow the stock could rally and the above question will be moot. But bullish traders may want to take some chips off the table until some strong upward momentum is reestablished.

The http://www.fibtimer.com Stock Strategy has a position in Apple Inc.

Frank Kollar has been timing the financial markets since 1982, with online service since 1996. He is a dedicated trend timer and his strategies exited the markets before the crash in 1987 as well as the bear market in 2000 through 2002. During the 2000-2002 bear market, his bearish positions resulted in gains exceeding 100 percent, all achieved by trading trends.

Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.

Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.