Tom DeMark: Apple stock could pop on Monday

“Although it might seem ‘outrageous,’ Apple shares could open up next week, Market Studies CEO Tom DeMark said Friday on CNBC,” Bruno J. Navarro reports for CNBC.

“‘If you look at Apple’s entire decline, the most number of consecutive down days has been three,’ he said on ‘Fast Money,'” Navarro reports. “On Friday, Apple stock posted three consecutive days of losses, which DeMark noted were within ‘a very narrow trading range… That typically is indicative of a market turn,’ he said.”

Navarro reports, “‘It would not be outrageous to expect a gap up on Monday,’ he said. ‘We could turn to the upside on Monday and produce an island reversal.'”

Read more and watch the video in the full article here.

[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]


    1. A reversal of fortunes for himself! He bought low and now wants to talk it up so that he can sell next week, hope that it drops down by the end of the week so that he can buy again.


  1. AAPL generally is contrarian. When the DOW is up, APPL is down. When the DOW is down, APPL is up. (Like gold). So. Now that the DOW has reached the psychological 14K, people will sell, and APPL will go up…!

  2. Two words: technical traders.

    Got tea leaves?

    This is why I run screaming from any article about technical analysis voodoo. It’s BS.

    Please: name a famous technical investor. I’m waiting. On the other hand, every successful investor, from Buffett, Munger, Graham, Lynch and others all focus on a company’s fundamentals, not teacup patterns and death crosses.

    Promise yourself: NEVER, EVER WATCH CNBC. It’s just noise.

  3. “island reversal”… Seriously?! “island reversal”? No really, “island reversal”? This really doesn’t help. (Did he actually say, “island reversal”?)

  4. Stupid statement. It’s absolutely amazing that so few “experts” who have the slightest clue of what they are talking about – especially those steeped deep in denial of Apple’s real troubles.

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