- The Big Picture - http://www.ritholtz.com/blog -
Apple’s Big Day
Posted By Global Macro Monitor On November 19, 2012 @ 8:00 pm In Technical Analysis,Think Tank | Comments Disabled
Apple confirmed its Friday hammer  panic bottom with a $38 plus move higher, closing up 7.21 percent on the day. Nice!
How big was the move? BIG!
Apple’s $35.8 billion market cap increase on the day is larger than the total market cap of all but 146 listed public companies.  At the high of day, Apple’s market value change was larger than the entire market cap  of Starbucks and almost as large as Dupont and Deustche Bank’s. If ranked as a country GDP, the move is larger than 97 of the 186 economies monitored by the IMF. Stunning!
Where to now? We don’t know with certainty, but, after consolidating this big move, it looks like the 200-day at $596 is doable, Always with a stop!
(click here if chart and tables are not observable)
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2012/11/apples-big-day/
URLs in this post:
 hammer: http://www.onlinetradingconcepts.com/TechnicalAnalysis/Candlesticks/Hammer.html
 146 listed public companies.: http://ycharts.com/rankings/market_cap?p=1&s=calc&d=asc
 market cap: http://ycharts.com/rankings/market_cap?p=3&s=calc&d=asc
 Image: http://macromon.wordpress.com/2012/11/19/apples-big-day/nov19_apple3-2/
 Image: http://macromon.wordpress.com/2012/11/19/apples-big-day/nov19_apple/
 Image: http://macromon.wordpress.com/2012/11/19/apples-big-day/nov19_apple2/
Copyright © 2008 The Big Picture. All rights reserved.