STTG Market Recap Oct 25, 2012

The market once again gapped at the open, filled its gap, and then traded flat the remainder of the day. With no major economic news in focus, most investors simply sat and waited for tech giants Apple (AAPL) and Amazon (AMZN) to post earnings after the close.

To start though, here’s an updated look at both the NASDAQ and S&P 500.

With lot’s to consider for Apple (AAPL) and (AMZN) post earnings tomorrow, I will let their charts do the rest of the talking tonight. For those looking for earnings breakdowns, here is Apple’s and here is Amazon’s.

First off, here is a look at Apple’s after hours trading. After gapping down off earnings, the stock has recovered and now sits nearly flat from its close.

Updated daily charts from alongside MarketSmith. Click to enlarge.

Now onto Amazon (AMZN), a similar story as Apple, the stock initially traded down heavily in after hours but has since recovered.

Updated daily charts from alongside MarketSmith. Click to enlarge.

Stay frosty (sharp) out there and we will see you tomorrow!

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