My apologies for letting this get out of hand. I have my ignore button locked and loaded and my engines revved for another week of trading.
On Saturday a rebel youth gang blew up a Nigerian pipeline. This will impact the daily flow of 120,000 bls of oil. This may shake up an already fragile economy and if we don’t feel it in the markets tomorrow, we’ll most likely feel it at the pumps.
Using MA 15, 45 and 100 my charts show APH bearish. The Bollinger Bands are very narrow and the probability of volatility increasing with a sharp price move has increased for the near term.
MACD 12, 26 has been trading over the signal line (bullish) for the past 1 period and just needs some volume.
I noticed last week not many people were selling. I also noticed at the end of the day a little flurry of buying almost as if to suggest something is up.