There Be Whales Here

This afternoon has, in market cap terms, more earnings than any other point of the whole year. The two monsters, AMZN and AAPL, will be closely watched, but as we’ve seen with Shopify SHOP, the immediate reaction can be negative, only to be fully reversed in the day session.

(Click on image to enlarge)

Here’s the lifetime chart of AAPL, which has been a bear-killer non-stop since the year 2000.

(Click on image to enlarge)

Looking closer, there’s not a single bearish thing about this chart. It’s just really expensive and most likely to keep climbing.

(Click on image to enlarge)

Here is the lifelong chart of AMZN, which has been obediently channel-bound for this millennium.

(Click on image to enlarge)

I’d say AMZN has more chance of an exciting after-hour session than AAPL, provided it stays beneath that price gap anchored to the horizontal line I’ve drawn below.

(Click on image to enlarge)