Seeking Alpha

InTheMoneyStocks'  Instablog

Send Message is a proprietary research, consulting and investment alerts company focused on guiding investors, swing traders and day traders to financial success. Their PPT Methodology is a proprietary blend of price, pattern and time discoveries that has helped produce 216.37% net... More
My company:
My blog:
Rant & Rave - Pro Traders Blog
  • Market Surge: Before Apple Earnings And GDP 0 comments
    Apr 23, 2013 12:46 PM | about stocks: SPY, AAPL

    The markets are roaring higher today ahead of Apple Inc. (NASDAQ:AAPL). This will be a big report for the whole technology sector. In addition, Friday morning Wall Street will get the GDP number. This will be the major economic report of the week. Since last Thursday's low, the markets have soared. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) has jumped from $153.50 to a high today of $157.88.

    This sharp up move sets up for a pivotal next few days. The two scenarios are as follows. Between Apple and the GDP numbers the markets breakout to new all time highs, or the markets collapse again, taking out the recent lows.

    The major resistance levels to watch on the SPY are gap fill at $158.81 and the double top at $159.71. On the downside, the support levels are $153.50, $152.90 and $148.85.

    Gareth Soloway

    (click to enlarge)

    Stocks: SPY, AAPL
Back To InTheMoneyStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.