Why APPLE is so important now!





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Published on May 6, 2016

Apple is the largest capitalization company in the world. It has been the most popular stock for institutions, a "no brainer," as some analysts called it. Well, Apple is now in a bear market, and that is not only important for Apple investors, but also for all stock market investors. We discuss such clues several times per month in our award-winning WELLINGTON LETTER.

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Auto generated Transcript by YouTube
this is Bert Dohmen with chart predictor today may sixth we hope that you had a wonderful Cinco de Mayo a day and you enjoyed our charter video of yesterday which was the ETF for long-term Treasury bonds TLT which was very timely because it today the TLT these the near early hour had a very strong rally bestow the disappointing jobs report and we should see much more of that in our opinion but today let's look at another very important indicators for the general stock market and that is Apple can see the chart of Apple the high last year was around here and then we combine this high these points here and we get a trend line and this is very important that you follow our videos which aren't bearish on the Apple over a year of goal is that Apple has no innovation under the current CEO Tony innovation is sized making something smaller make it bigger but no technological advances to ski gloves while D competition is just running away with that so anyway company that has a lot of cash over two hundred billion dollars of cash but doesn't know what to do with it so bulls by the stock or recommend buying the stock because of dollar cash in our point is if you like company developed by the bank and so you don't buy stocks for cash because you've basically change your money for their money and you can get their money as I'd rather be able to keep my money also the stock has been supported quite a bit by stock buybacks the company is done I think it's over a hundred thirty billion dollars so far this is financial engineering it does absolutely nothing for the company so let's take a look at this where we are now here's the August 24th this was an intraday primes word out Jones Industrials was down 1000 89 points in the first 30 minutes of trading many people have forgotten that I know better than to support action started and the market actually close up here for the day so it wasn't so bad by the Cabana close but that that is an important point this was a panic dumping of to stop here we see how their level once again was support for the stock in every during this generation every decline in the market and once again serve to produce a nice rally now we have the third time down to that level my rule is that the third time down you break through and language throughout 9230 and so this writing we're almost there once that breaks I believe that the entire stock market is going to break because this is such an important factor so largest cap company in the world and when that when the support for that soccer's given up by Wall Street it means that support operations are being awful well I markets forces that's all for today is sure to get the willing to let it because it is the kind of stuff that we talked about the Wellington letter several times per month and so probably the best investment that you can make if you believe that your welders worth keeping up with the market if you think you can get the best advice the financial media good luck to you and we think it's just an avenue for highly conflicted Wall Street days to talk to block this is very common thank you very much for joining us today

  • Category

  • Song

    • MX226_79 - Corporate Success-13858
  • Artist

    • Ariel Mann, BMI|Randy Miller, BMI
  • Album

    • MX226 Money and Markets
  • Licensed to YouTube by

    • AdRev for a 3rd Party (on behalf of Megatrax Music, BMI (Megatrax)); AdRev Publishing


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