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The Week Ahead: Will Europe Spoil Apple’s Party?

If this surprisingly good week makes you want to jump back into stocks with both feet, be patient, writes MoneyShow’s Tom Aspray. A cautious approach will pay off in the leading sectors and plays he has uncovered.

The strong earnings last week were indeed enough to push the stock market higher, with the Spyder Trust (SPY) showing a nice gain of 2.6%, while the PowerShares QQQ Trust (QQQ) was up 3.2%.

Of course, it was earnings from Apple (AAPL) that saved the day. After trading as low as $555 on Tuesday afternoon, it surged as high as $618 early Wednesday in response to the reported 35 million iPhones sold.

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Apple (AAPL) looks ready to close April above its monthly Starc+ band for the third month in a row. For those who are not familiar with Starc band analysis, these bands identify extreme price levels in any market. When prices are at or above the Starc+ bands, it is a high-risk time to buy.  Read More

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Posted on April 28, 2012, in #business news, #financing and tagged , , , , , , . Bookmark the permalink. Leave a comment.

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