PUG Stock Market Analysis, LLC | Technical Analysis Blog

PUG Stock Market Analysis is here to help with SP500, QQQ, IWM, Gold technical analysis, stock analysis and more.

  • Meta

  • Follow Blog via Email

    Enter your email address to follow this blog and receive notifications of new posts by email.

  • Subscribe

  • PUG Wave Labeling

    SCI-SCV, SCA-SCC: Super Cycle
    C1-C5, CA-CC :Cycle
    P1-P5, PA-PC : Primary
    [1]-[5], [A]-[C] : Major
    1-5, A-C : Minor
    (1)-(5), (a)-(c) : Minute
    i-v, a-b : Minuette
    Primary Count:
    White/Green (Bull Market)
    White/Red (Bear Market)
    Alternate Count: Blue

  • Categories

  • Archives

May 7th, 2013: EOD Update

Posted by pugsma on May 7, 2013

4:25 pm EST:  No change in the wave counts from yesterday.  See the 15-min chart for the details.

SP-500 15-min chart (EOD):

SP-500 15-min EOD 5-7-13

SP-500 60-min chart (EOD):

SP-500 60-min EOD 5-7-13

AAPL:  AAPL may have peaked in minor 1 of major [1]-P5 today at 466 near the (5)=(1) target.  There is also potential Inverse Head and Shoulders forming with left shoulder at 419, head at 385, neckline 470, and now a right shoulder at 425-434 (i.e. minor 2 wave).  IHS target is 555 on break above 470.

AAPL 60-min chart (EOD):

AAPL 60-min EOD 5-7-13

GLD:   GLD is still trying to decided between the primary and alternate counts.   A break below 135.11 before above 143.43 brings the primary count calling for a new low below 130.51 to complete P4.  A break above 143.43 before below 135.11 brings the alternate count calling for wave minor 1 of major [1]-P5 to 146.5.

GLD 60-min chart (EOD):

GLD 60-min EOD 5-7-13

Sorry, the comment form is closed at this time.

%d bloggers like this: