By Relmor Demitrius

Apple Inc. stock has broken resistance at the $258 price and is looking to make an upward move this week.  Bringing up our chart of Apple (NASDAQ:AAPL) it appears a new up wave is forming.  Looking at the posted chart you will see Apple has been making new lows on their declines.  Notice the price points for the following dates: 5/7 the low was $225;  5/21 the low was $231; 6/10 the low was $242; 7/2 the low was $243.  If you notice the same chart you will see I am running a trendline right now that is holding support at around $249 area.  

Aggressive traders can find this trendline a nice buy, or an aggressive sell, depending on where you bought, your risk tolerances, and your expected direction.  As a short term trade, you will want to hold over the fibanocci retrace support of $258 level, mentioned above.  Medium term traders will want to hold over that trendline, knowing that breaks do occur.  So to be safe, were going to set up our stop losses right at that $242 support area for medium or even long term traders.  These will be your two support areas to watch.  If that support breaks, I would step aside for now.  Take a step back and reevaluate the chart at a latter date.  For resistance were looking at a nice sell target possible of $275.  Possible this leg will test the $280 level.  No time targets for these prices right now.

Fibanocci retrace resistance at $258 has broken, opening up the possibility of another test to $280 price.  Should be a good week for Apple if the main markets stay flat or advance.  This information is of course news neutral.

For up to date financial news, fundamental and technical analysis, and forum discussions on all investments and trades, visit www.kingofalltrades.com.

Disclosure:  No Position AAPL

By: Gino Lattarulo

Referring to Part 1 of ” The Future Of Digital Music”

So Who , or what, is going to win the digital music wars?  Will digital downloads from the likes of Apple iTunes (NASDAQ:AAPL) still be around in 10 years or will everything be self contained in a “Cloud” structure.

Lets look at the pros and cons of each and then I’ll give my .01 cent opinion.

Digital downloads: Let’s face it, MP3.com changed the world.  As soon as music files became coded for quick transfer over the Internet, the whole place exploded.  The need for tangible CD’s quickly diminished and was replaced by digital players.  The sound files have an infinite shelf life, limited only by the condition of the actual player itself.  The consumer can purchase an entire album of songs for a lower price ( including artwork ) without ever having to leave their home.  Not only that, but the likes of pioneering file sharing sites like Napster provided the masses with as much free music as they could consume.  It was, and still is, a time of mass confusion and evolving.

Cloud Formats: Online radio has evolved into personal web libraries.  Sites like Grooveshark and even Youtube (NASDAQ:GOOG) allow you to pull up any song in the world and create unlimited playlists for your own custom library of virtually any song in existence.  We can’t really lump Pandora or Slacker into the cloud category because they are exclusive to radio style streaming, meaning that the user has no control over what plays other than the music genre.

So what does all of this mean for the direction of your music?  Personally I think the future lies almost entirely in the clouds.  So to speak.  It will take some time to realistically widen the scope of the Internet to allow for such an increase in web streaming.  The obstacle here is still buffering and streaming coverage for mobile users, but as more and more mobile devices and hotspots (like your car) become tethered to the internet we will see the direction shift.  Devices like Apple’s Sky Dock, which has an FM modulator and boost antennae built in, is made for Sirius / XM (NASDAQ: SIRI) and enables the user to stream their iPhone.  Although this device is seemingly proprietary, it gives us a glimpse of the what will happen in the coming years with Cloud streaming.

The main trade off with the Cloud structure versus actual downloads is sound quality.  Online streaming is pretty much maxed out at 192 kbps while digital downloads can be had at CD quality bit rates.  On the other hand, in the Clouds you have any song you want at your finger tips without having to pay for it and you can store the songs in an online virtual library.  The next ten years will definitely be very interesting.  When I was a kid ( I mean younger) I always wondered what would replace the CD.  I only wish I could see the evolution of music 100 years from now.

Of course,  If there is actually anything left after the governments of the world get done burning everything to the ground, we’ll be back to playing tiger skin bongos and bone flutes for entertainment anyway.

Peace.

By Steve Garcia –

I was unpleasantly surprised over the weekend to see that once again Yahoo (NASDAQ:YHOO), which claims to be a credible and relevant news and search engine, appears to be complicit in the bidding of one of the most vile financial companies (in my humble opinion) known to investors.  I am talking about Jim Cramer’s own “Thestreet.com.”  As we have seen over the course of this past year, any time specific companies gain headwind, in this case Sirius XM Radio, old or simply negative press items conveniently get recirculated from the same conspicuous sources.  This categorically fits what former hedge fund manager Jim Cramer himself has called “fomenting” to elicit a specific market response.

Any way you look at it, it is unethical to release old or tailored news at critical points in a company’s history to affect a specific stock reaction.  Those who have followed Sirius XM Radio recognize this technique all too well.  When the source of these “bash” articles are timed closely with specific events to damage a company, and that same source has historic ties with the hedge funds that benefit from a downturn in the company’s stock (while your average retail investor will watch his investment suffer), experienced investors will tell you there is no coincidence.

Recent news about TSCM suggests that not only are they a shady source of news with no credibility, but perhaps also involved in manipulative practices with certain stocks on the markets.  There are also strong questions about their accounting methods.  Certainly they are the kings of  negativity as far as Sirius XM Radio (NASDAQ:SIRI) shareholders are concerned, continually hammering the company at every turn.  Their video from early last week somehow was picked up again by Yahoo only yesterday in time for a nice Sunday bashfest.  We wouldn’t want investors who were busy during the week to have to search for negativity, would we?  Once again, Yahoo, without validating their news content, makes certain that it is sitting in plain sight on their financial Sirius XM Radio page with a nice link.

The story doesn’t end with Sirius XM Radio, however, not by a long shot. The Street was also named by Overstock.com (NASDAQ: OSTK) CEO Dr. Patrick Byrne several years ago as a practicing manipulator of equities, and Jim Cramer was outed in many ways by the Overstock CEO’s fight against Wall Street manipulation. In fact, an entire website,  Deepcapture.com (http://www.deepcapture.com/), sprung from that investigative masterpiece of reporting and I applaud Judd Bagley and others who really dug deep. Reading at that site is like reading a who’s who of miscreants on Wall Street. (more…)

By Relmor Demitrius -

Terrestrial radio.  Broadcast TV.  Newsprint circulations.  If people heard it, saw it, or read it, they did it through these 3 mediums only a short time ago.  Today is a much different age.  People have access to information now through a vast array of additional avenues once thought to be impossible.  The internet, Smart Phones, laptop computers, satellite television and radio, cable TV,  and even the Kindle are allowing the distribution of information in a way that is becoming harder and harder for the old media companies to compete against.  When Comcast (NASDAQ:CMCSA) purchased NBC Universal, it was a shot heard around the country.  Is this the end of broadcast TV?  The content of networks like HBO, Showtime, CNN, ESPN, and hundreds of other cable and satellite TV channels has erased the necessity of these media distribution systems to HAVE TO CARRY the big 3.  Comcast now has leverage in the media community.  Charge more for NBC, we’ll charge more for CBS.  Charge more for CBS, we will deny you complete coverage of all the NBC stations and content.  Disney bought ABC, Lifetime, ESPN and A&E for a reason.  Collaboration of content.  ABC, FOX, and CBS launched cable and “satellite only” shows to add content power, and create demand from its fans for their shows, and station formats.  The battle is on. 
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