FTSE: Squatting on long term trend line support at the bottom of the massive broadening top chart pattern..Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

FTSE SHORT TERM TRADER: Short at 6645; stop well above 6800. Target 6250.

FTSE POSITION TAKER: Short at 6770; stop well above 6900. Target 6200.

Apple disappoints
Shares fall 7 per cent after hours

In a televised interview yesterday, Apple CEO Tim Cook warned that results from the technology firm in the run up to Christmas were disappointing and would impact full-year revenues; it also revised Q1 guidance down a notch. Lying a lot of the blame on weaker demand in China, analysts have pointed out that there have been several warning signs that it’s phone models weren’t selling as well as they used to and that customers weren’t upgrading their telephony as frequently as they used to. We’re calling it ‘peak Apple’.

Quietly staged, and with only sketchy forewarning, this morning China announced that it had landed a probe on the far side of the moon. A sort of mythical place in the hearts of many, it landed in the South Pole-Aitken Basin, the deepest crater on the moon.

Financial Markets and Political Commentary
 

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