iPad 3 Launch

Now that the iPhone 4S was launched consumers are now waiting for the new iPad 3 to be released. We can assume that the iPad 3 will launch in spring 2012. Asian sources estimate that the launch could happen during March next year at the earliest. I expect the launch to happen closer towards the middle of next year.

One of the challenges in determining the launch date is Apple's dominance in the tablet market. Many companies launch a new product to compete a competitor. There are no tablets that are currently able to compete with the iPad 2. Apple's recent earning show that iPad 2 sales have increased  146% to $2.8 billion compared to the same period in the previous year. Apple sold 11.1 million iPads which marks a 166% increase over the previous year.

The lack of competition may push Apple to delay the lauch to later in the year to allow the company to further maximize iPad 2 sales.

The iPad 3 is expected to have the following:

Retina Display: People were expecting a retina display with the iPad 2; but the iPad disappointed them with the same display of the previous iPad. Now followers are waiting for an iPad 3 with a retina display. There is a rumor that the iPad 3 may offer a resolution of 2048×1536 pixels.

SD Card Slot: People are expecting a revolution in Apple iPad 3 with an SD card slot. Hopefully Apple may introduce SD card slot with the third generation iPad.

Improved HDMI: Yes iPad 2 also supports HDMI playback but you need to have Apple digital AV adapter, and that comes at an additional cost of $39. So it is much expected from iPad 3 to have an HDMI port that eliminates additional requirement of the HDMI cable.

Camera Flash: A camera with flash is a much-waited feature of the iPad; people were expecting iPad 2 to have camera flash; now we would be wondering if iPad 3 will have camera with flash.

Thunderbolt: The iPad 3 may have a Thunderbolt port. That will offer power, video and data connectivity using the same connector at lightning speed.

Wireless Synchronize: People are expecting iPad 3 to offer wireless sync of content rather than the traditional wired connectivity.

The Nasdaq (QQQ) Continues To Follow Through

The Nasdaq (QQQ) continued to follow through the last two days holding the pivot point we have been watching. We need the market to create a new high which I marked with a yellow line in the chart. We need a new high to ensure that the current bullish trend is still intact. If the market were to fail to create a new high then it would be at risk for a possible sell-off.

Nasdaq (QQQ) still Bullish

The market bulls felt some pressure over the last few days after experiencing a hard selloff . I turned bullish on the nasdaq when it broke above the high the of trading range. It is not uncommon for the market to pullback after breaking above a tough resistance point. You have to remeber to follow the signs the market gives us. The last pivot point held after a retest and so far looks like it is heading higher. I marked this retest with a yellow arrow. I will not turn bearish on the market until the $50 support level is broken. If the lows break after this much of a move I would expect a large move down. I would then look to short the market heavily at that point. I will remain bullish and follow the market trend until I see signs of change.

Close Avon (AVP) Position

I'm closing the AVP position even though it hasn't stopped us out or hit our target. This taking way to long to move. Avon should have popped much faster if it wanted to rally. We are better off looking for another play. Avon is pretty much near our entry price so it's a break even trade.

Book Some KONA profits

We hit $7, book some profits, we got a 40% move in one day. Nice ride from $5.20 I have a big target of $7.50-$8 which is a retest of the pivot. I expected to get this move over several weeks and we got it in a day.

Kona Grill (KONA) close to triggering

I'm looking to buy KONA above $5.20 with a stop below $4.70. This is a trade off the weekly chart so it could last several weeks. I'm looking to take profits around $7.50, near the most recent pivot high on the weekly chart. If the stop gets taken out before our entry then the trade is invalid.

Check out my  Kona Grill (KONA) fundamental lesson on Seeking Alpha.

New Apple 3D Technology

Apple just recently got approval for a new 3D technology that could take its devices to a whole new level. The new technology does not require glasses and could be viewed by multiple people at the same time. This of course is the challenge with current 3D technology. Apple's technology gives each viewer a different line of sight for both left and right eye. This perfects the stereoscopic image for a group of viewers watching one giant screen.

I could see Apple licensing out this technology to the movie theaters as well, this could bring a new revenue stream to the company.

This could be a huge advantage for Apple and could revolutionalize the direction of the industry. I could see this technology going into the next line up of devices and will most likely go into Apple TV sets as well. These new Apple TV sets are expected to launch in December 2012.

Keep an eye out for my article on Seeking Alpha that goes over the huge potential of Apple TV.