Of the thousands of earnings reports which come out each quarter, perhaps none is more anticipated than Apple’s. It is, after all, the most valuable company on the planet, and it is the linchpin to a NASDAQ which has made a habit of lifetime highs on a daily basis. It’s remarkable to think that, twenty years ago, the company was all but bankrupt.
I have no reason to expect anything except another great quarter from Apple when it reports after today’s close, but I would at least like to point out that the “pulses” higher (which I’ve tinted below) are, to any observer, shrinking with power. Indeed, it seems that every “personal” bull market that Apple has is only about half the size of its predecessor, and although AAPL might notch up another gain tonight, it seems to me there isn’t that much more juice to squeeze out of this fruit.