Time to short, TP 208.53Following daily and got a short signal from my indicator.
TP1 214.62
TP2 208.53
SL Stop above 222 candle close.
Apple
Apple. Oh My the apple appetizers served early on 2024 not 2025?APPL! Oh my god! Warren Buffett just "dumped" more than 50% of his "rotten" apple from his fruit basket. Sound good for "harvesting" time?! As told by Claudia Sahm rule?
UBER 80 Afrer earnings ? NYSE:UBER
Uber Technologies Inc. Stock Surges to $75-$80 Range Following Strong Earnings Report
Uber Technologies Inc. (NYSE: UBER) has seen a significant boost in its stock price, reaching the $75-$80 range after the release of its latest earnings report. The ride-sharing giant reported impressive financial results for Q2 2024, with total revenue hitting $10.13 billion. This marks a notable year-over-year growth of 15%, showcasing Uber’s ability to expand its market presence and drive revenue despite challenging economic conditions.
The company’s strong performance was driven by increased demand for its ride-sharing and delivery services, as well as strategic investments in new technologies and markets. Uber’s net loss widened to $654 million, but the market responded positively to the revenue growth and future potential1. This optimism among investors has propelled the stock to new heights, reinforcing confidence in Uber’s long-term growth strategy.
As Uber continues to innovate and expand its service offerings, the future looks bright for this industry leader. Investors and market watchers will be closely monitoring how Uber leverages its current momentum to drive further growth and shareholder value.
CAFE CITY STUDIO & NY RUNS GLOBAL INC. NYC
Caterpillar 344 After earnings ? Caterpillar Inc. (NYSE: CAT) has once again demonstrated its robust market presence, with its stock price soaring past $344 following the release of its latest earnings report. The industrial giant reported impressive financial results for Q1 2024, with total revenue reaching $15.8 billion and a basic earnings per share (EPS) of $5.601. This performance not only exceeded analysts’ expectations but also highlighted Caterpillar’s resilience and strategic growth in a challenging economic environment.
The company’s strong earnings were driven by increased demand across its construction, resource, and energy & transportation segments. Caterpillar’s ability to navigate supply chain disruptions and leverage its global footprint has been pivotal in achieving these results. The market responded positively, pushing the stock to new heights and reinforcing investor confidence in the company’s long-term prospects.
As Caterpillar continues to innovate and expand its product offerings, the future looks promising for this industry leader. Investors and market watchers will be keenly observing how Caterpillar capitalizes on its current momentum to drive further growth and shareholder value.
APPLE Dont get fooled by the short-term pull-back. $280 on trackExactly 3 months ago (May 02, see chart below), we called for a strong buy signal on Apple (AAPL) and it dully delivered as 2 days ago the stock completed three straight green months with a new All Time High (ATH):
The recent weekly pull-back shouldn't allow you to diverge from the bigger picture and on this analysis we look at it from a 1M time-frame perspective. As you can see, as long as the 1M MA50 (blue trend-line) holds, Apple will continue to be on a 15-year uptrend, which shows very distinct Phases.
Right now we are on the Channel Up that followed the 2022 Inflation Crisis, which was a similar correction to 2015 - 2016 (China's slowdown). The Channel Up that followed peaked at +161% before the next correction towards the 1M MA50. Even the 2013 - 2014 rise was still +145%.
As a result, we don't believe the current Channel Up to be over either, expecting a peak closer to 300. Our Target is marginally below it at $280.00.
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AAPL Apple Options Ahead of EarningsIf you haven`t bought AAPL before the previous earnings:
Now analyzing the options chain and the chart patterns of AAPL Apple prior to the earnings report this week,
I would consider purchasing the 220usd strike price Calls with
an expiration date of 2024-8-2,
for a premium of approximately $3.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Apple - Back to no.1 in the world!NASDAQ:AAPL is back to being no.1 in the world after rallying 11% in two days.
After moving higher +25% over the past two months, Apple is now back to being the most valuable company in the world with a market cap of 3.4 trillion dollars. This means that Apple is now back to leading the indices but Apple is also retesting resistance. A pullback is definitely likely considering that trees do not grow to the sky, but the overall trend is simply clearly bullish!
Levels to watch: $170, $215
Keep your long term vision,
Philip - BasicTrading
A Traders’ Weekly Playbook – A week that has it allIt’s a huge week ahead by way of event risk for traders to navigate positions over – traders, therefore, need to be aware of key timings and consider the possibility for volatility and if there is a skew in the directional risk when the market learns of the outcome. That is typically a function of reviewing expectations and the outcome relative to what is ‘priced in’, market positioning and liquidity.
US earnings the marquee risk this week
I would argue that for single stock and equity index traders US earnings will likely prove to be the most influential factor, with 40% of the S&P500 market cap due to report this week, with 4 of the 6 biggest market cap names in the NAS100 reporting.
With some sizeable moves implied by the options market for the individual names on the day of reporting, movement at a stock level could resonate across other plays within their sector and potentially promote wide-index volatility. Nvidia and Apple aside, company earnings don’t come much bigger than Microsoft, where the options market implies a move (higher or lower) of 4.7% - the after-market session on Tuesday (when MSFT report) could get lively, so make sure you’ve got our US 24hr equity offering on your platform to assess (and even trade) the ensuing move.
US nonfarm payrolls will offer meaningful insights for macro heads
US nonfarm payrolls are the next most meaningful event risk for me. From a playbook/risk perspective, if the payrolls print comes out around 200k, with an unchanged unemployment rate then making a call on the USD, NAS100 and gold is a tough exercise as the macro argument doesn’t really evolve.
It is easier clearly to consider the path of the USD if we see a payrolls print below 170k, concurrently with a higher unemployment (U/E) rate, and a further moderation in average earnings. In fact, if we see a U/E rate above 4.1% then one could argue the US swaps pricing may even price a small probability of a 50bp cut in the September FOMC meeting – a factor which should suggest buying USDs because there is little chance that will play out.
A lower U/E rate, and above 200k payrolls would make the macro somewhat messy as it challenges the strong consensus position for a cut in September.
The FOMC meeting to open the door to cuts
The Fed meeting statement and Powell’s presser is really an exercise in assessing what’s priced into the US swaps/rates curve and whether the tone sufficiently meets these expectations for easing. The door needs to be opened for a cut or US 2yr Treasury yield will spike higher, and the USD will rally hard, taking US equity lower. The options market implies a -/+1% move in the S&P500 on FOMC day, which is above the typical -/+0.8% move we’ve seen in recent meetings - so the market is priced for increased movement, and that needs to be accounted for in our risk and position sizing.
The BoJ meeting will get good airtime, and while the JPY has undergone a huge rally of late, let’s not forget that the BoJ also have a strong history of disappointing those calling for hawkish policy action. I am somewhat sceptical that BoJ action will have much of an effect on the JPY anyhow, as the move we’ve seen has been more about a position unwind, with JPY-funded carry positions unwound, with cross-asset volatility and expected Fed policy changes the greater driver. Still, it’s a risk that could promote vol and needs to be considered.
Aus Q2 CPI to make or break an August RBA rate hike
The Aus CPI print will be closely watched by AUD and ASX200 traders, as it could put the 6 August RBA meeting as a truly ‘live’ event, while a weaker-than-expected outcome could take any chance of a rate hike off the table – much to the relief of the local equity market.
We also see increased two-way risks to the GBP with the BoE meeting a lineball call as to whether the BoE cut bank rate. While the EU and Swiss CPI reports could also move the dial on the EUR and CHF.
Elsewhere, I will be watching crude oil and gold in the wake of rising geopolitical news flow between Israel and Hezbollah. While Trump’s weekend speech at the Bitcoin conference in Nashville has cemented Bitcoin (and the miners) as a key election trade.
US Earnings this week – It’s a busy week on the US corporate reporting calendar. 40% of the S&P500 market cap report numbers, but the names that should get the greatest attention from clients include:
AMD (the options market implies a -/+7.7% move on the day of reporting), Boeing (-/+4.2%), Microsoft (-/+4.7%), Meta (-/+8.7%), (QCOM -/+7.6%), Coinbase (-/+9.8%), Apple (-/+3.8%), Amazon (-/+7.2%) and Intel (-/+7.4%).
The ASX200 full-year earnings season commences with Rio Tinto starting proceedings on Wednesday.
Central bank meetings due this week:
BoJ Meeting (Wednesday – no set time) – The majority of economists see the BoJ keeping rates unchanged at 0.1%, although the distribution of these estimates range includes a 10bp, 15bp and even 25bp hike. Japan Swaps market price a 10bp hike at a 50% probability. There will also be a focus on any changes to the monthly pace of BoJ bond buying, where the central view is we see the monthly pace taken from Y6t p/m to Y4.5t. With the trade-weighted JPY rallying 2.6% last week, a number of traders have covered JPY shorts into the meeting, and positioning is far less extreme.
Fed Reserve meeting and Chair Powell Press conference (Thursday 04:00 AEST) – the Fed will leave rates on hold, but the tone of the FOMC statement should evolve to show the Fed has greater confidence in the inflation outlook and to lay the groundwork for a cut in the September FOMC meeting. With a 25bp cut in September now fully priced, and 67bp (or 2.7 25bp cuts) priced by December, the move in the USD, gold and US equity will come in the tone of the FOMC statement and chair Powell’s press conference relative to this pricing. Will the statement meet these expectations sufficiently?
BoE Meeting (Thursday 21:00 AEST / 12:00 UK) – Eyeing UK swaps pricing, a 25bp cut is priced at a 50% probability, so market participants see a cut as finely balanced. Economists, however, see a greater probability of easing, with 24 of 32 polled by Bloomberg calling for a 25bp cut to pull bank rate to 5%. The split in the MPC votes for a hold/cut may also be closely followed.
Marquee economic data & consensus expectations:
US nonfarm payrolls (Friday 22:30 AEST) – the consensus is for payrolls to come in at 178k (economists’ estimates range from 225k to 70k), with the unemployment rate unchanged at 4.1%, and average hourly earnings at 3.7% (from 3.9%). There may be disruptions that impact the nonfarm payrolls print, notably from Hurricane Beryl, so forecasting the jobs report is typically a huge challenge.
An unemployment print that ticks up to 4.2%, with an NFP print below 170k would be a surprise, but it could feasibly bring a 50bp cut onto the table in September, at least in swaps/rates pricing.
Other notable US economic data points this week that could move markets include Consumer confidence (Wed) and ISM Manufacturing (Thursday).
Australia Q2 CPI (Wed 11:30 AEST) – Headline CPI is expected at 1% Q/Q / 3.8% y/y, with trimmed-mean CPI at 1% q/q / 4% y/y (the economist estimates range from 4.1% to 3.8%). For a more detailed preview on Aus CPI, see my preview
EU CPI (Wed 19:00 AEST) – Headline CPI is eyed at 2.5% y/y (unchanged), with core CPI at 2.8% y/y (from 2.9%). The market already sees a cut from the ECB in the September meeting, but
China manufacturing & services PMIs (Wed 11:30 AEST) – Manufacturing PMI is expected to come in a little worse than the prior month at 49.4 (from 49.5), with services PMI expected at 50.2 (50.5).
Switzerland CPI (Friday 16:30 AEST) – Headline CPI expected at 1.3% y/y (unchanged) with core CPI also unchanged at 1.1% y/y.
Good luck to all.
APPLE What Next? SELL!
My dear subscribers,
My technical analysis for APPLE is below:
The price is coiling around a solid key level - 230.56
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 220.14
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
APPLE: Market Sentiment & Forecast
Balance of buyers and sellers on the APPLE pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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AAPL short to $190-$200 rangeJust pattern recognition encouraged by expected overall markets pullback thanks to US elections.
Apple stock is flying nice to try nowBroke out of the all time high level. Since in september new apple products will be availabel for sale and AI things around Apple will trigger this stock.
ApplePair : AAPL - Apple Index
Description :
Completed " 12345 " Impulsive Waves
Resistance Level
Break of Structure
RSI - Divergence
Rising Wedge as an Corrective Pattern in Short Time Frame
🐲 The Roaring FAANG. Five Big Tech Stocks That Move The MarketFAANG is an acronym that stands for five major, highly successful U.S. tech companies: Meta (formerly Facebook), Amazon, Apple, Netflix, and Google.
FAANG stocks' performance has a substantial effect on the overall market and comprises 15% of the S&P500 Index SP:SPX .
If you follow the financial or business news, you may have seen or heard the term FAANG thrown around. No, it's not a misspelling or an animal's roar. It's an acronym that stands for five big companies — some might say the big companies — in the high-tech industry.
The FAANG quintet consists of Meta (formerly Facebook), Amazon , Apple, Netflix and Google (Alphabet as an official corporate name).
These corporations — all American, but with a global presence — are not only household names, they're financial behemoths. Their combined market capitalization is over $4 trillion. The blue-chip stocks of the tech sector, they collectively make up 15% of the Standard & Poor's 500 SP:SPX (an index of the largest public companies in the US). So they represent not only one of the US' most significant industries, but a sizable chunk of the US stock market itself.
The origins of FAANG
FAANG actually began as FANG. The origin of the acronym has been attributed to Jim Cramer, the financial TV host and co-founder of TheStreet.com. Known for his slangy abbreviations and catchy phrases, Cramer coined the term in 2013 to represent four tech stocks with outsized market appreciation. Cramer believed that these companies belonged together because they are all high-growth stocks that share the common threads of digitization and the web.
Cramer's original term was just FANG — it didn't initially include Apple. The company joined the ranks in 2017, reflecting the growth of internet services (iCloud, Apple Music, Apple Pay) to its revenues.
So the acronym became FAANG, and it's remained so.
The five stocks of FAANG
They need no introduction: The five stocks of FAANG are all familiar brands, whose products and services permeate our lives daily. They are also American corporate success stories — each has seen its stock shares experience triple-digit growth since 2015, and year-to-year as well.
👉 Meta ( NASDAQ:META ) is the social media maestro, owner of Instagram, WhatsApp, and its Facebook website. It has returned more than 190% over the past 12 months, and it is a # 1 over all S&P500 Index components with that amazing result.
👉 Apple ( NASDAQ:AAPL ), the sole product manufacturer of the group, with more than 36% yearly performance.
👉 Amazon ( NASDAQ:AMZN ), the world's largest e-store, has returned more than 65% over the past 12 months.
👉 Netflix ( NASDAQ:NFLX ), the superpower of streaming, has returned 44% TTM.
👉 Google — parent company Alphabet ( NASDAQ:GOOG , NASDAQ:GOOGL ) — has a name synonymous with internet searches and services. Its GOOG shares have increased by more than 43% in 12 months.
Just to put these numbers in context: the S&P 500 has grown 17% over the past 12 months. So FAANG stocks have been at the forefront , significantly outperforming the broad market.
Twelve months performance of FX:FAANG components vs S&P500 Index
The bottom line
The main technical graph (3-day chart for FX:FAANG stock basket, introduced by @FXCM provider, with 20% inception weight for every single component) illustrates perhaps right there happens the major breakout of 52-week highs, with further projected/ targeted upside price action.
Apple: Bullish Seasonal Growth ExpectedApple Inc. (AAPL) is trading at $230.54 and higher in the pre-market session, continuing to demonstrate strength as the price embarks on a seasonal growth trajectory that is projected to persist through the first two weeks of August. This anticipated bullish upside aligns with our in-depth analysis of market trends and seasonal patterns.
A significant factor driving this optimistic outlook is the positioning of various market participants. Large speculators, typically institutional investors and hedge funds, are currently holding long positions on Apple. This suggests a strong confidence in the stock’s potential for further gains. On the other hand, retail traders are predominantly positioned on the short side, which often indicates a contrarian opportunity for upward movement as these positions may get squeezed.
Given these dynamics, we see a compelling opportunity to buy Apple stock at the opening of today’s market. The alignment of large speculators' long positions with the seasonal trend enhances the probability of a sustained bullish run. Historical data supports this seasonal growth pattern for Apple, typically seeing a positive performance during this time of year.
Investors should consider the broader market context as well. Apple, as a leading tech giant, often sets the tone for market sentiment. Its robust fundamentals, continuous innovation, and strong consumer demand further underpin the bullish case. Additionally, any positive developments in the broader tech sector or favorable economic indicators could provide additional tailwinds for Apple's stock price.
In conclusion, with Apple trading at $230.54 and higher in the pre-market and supported by a seasonal growth pattern and strong positioning from large speculators, we are poised to capitalize on this opportunity. Entering a long position at the market opening aligns with our analysis and the anticipated bullish trajectory through mid-August. Investors should monitor the stock closely, considering both the seasonal trends and market participant behavior to make informed trading decisions.
✅ Please share your thoughts about AAPL in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
APPLE: Bearish Forecast & Outlook
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current APPLE chart which, if analyzed properly, clearly points in the downward direction.
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Apple is BullishApple is bullish and in an uptrend channel on the daily timeframe.
With today's close will confirm, a break out above the resistance area around 195-200 (to become the new support/demand zone) and a break out of the double-bottom pattern. Target is set to the upper levels of the channel at 250.
Tesla : Approaching Key Resistance Level After Strong RallyBy analyzing #Tesla 's stock chart, we observe that after hitting the first bearish target last time, the price rose again. However, this time, the price did not drop from that level as we expected. Instead, it managed to rise powerfully to $260! Currently, Tesla is near a significant resistance level, and we need to wait for the initial reaction to this level. This analysis will be updated!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
AAPL Signals Short Term DropOf the 71 times AAPL triggers a sell on my RSI indicator (the magenta arrow at the bottom of the chart), the stock drops 97.143% of the time in the following 25 trading days. During 37% of the successful drops, the stock moves upward for 1-4 more days after the signal occurs in what I call the delay period.
What qualifies as a successful drop? The sell signal was triggered based on the closing price of AAPL stock on July 10, 2024 at 232.98. This means 97% of the time the stock will move below this closing price in the near-term. 2.85% of the time, the stock does not drop below this price over the following 25 trading days. The stock has always dropped below the signal closing price by at least 0.266% over the next 100 trading days.
On the chart above, the red boxes at the top are the delay zones of interest. The larger red box contains 100% of all delayed movement. The smaller box contains the stock's top or peak of the delay for 50% of the occasions. The same holds true for the two large green target boxes on the bottom. The final downward movement bottoms in the smaller green box 50% of the time, while the much larger green box contains bottoms or valleys for all downward movement.
This delay period of potential continued upward movement has historically had a maximum 3% gain before the stock eventually dropped. Regarding the bottom of the drop. Over the next 25 bars, it can occur on any day in the range with the median bottom occurring by day 8. 75% of the bottoms have occurred before day 18. The stock drops a minim of 0.266%, and median of 5.021%. 25% of the bottoms are no lower than 2.152%, while 75% of the drops are 8.3% or less.
The four shallowest drops over the next 25 days have been 0.266% (September 2010), 0.312% (February 2017), 0.827% (March 2019), and, 0.868% (August 2020) while the four deepest drops have been 63.23% (August 2000), 26.58% (December 1999), 26.51% (January 2006), and 24.80% (September 1999). The most recent double-digit percentage drop was 15% in April 2019. All shallow drops occurred in the most recent strong bull market, while the largest drops were part of the dot-com bubble burst.
While this current potential drop will likely avoid the sharper end of sell-offs, it is always interesting to see the strength and accuracy of signals. Historical movement is not indicative of future movement, but it is good to have as a data point.
Apple getting golden to $301.56W Formation formed on Apple and the breakout was strong and confirmed.
With the momentum up and the strong demand and buying, we can expect this market to rally up.
Nature: HIGH Probability
Target $301.56
APPLE: Will Keep Falling! Here is Why:
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell APPLE.
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AMD 200 BY SEPTEMBER !AMD Long 200 BY SEPTEMBER
Forecast: According to Long Forecast, AMD’s stock price is expected to start September 2024 at around $174 and reach a maximum of $177, with an average price of approximately $167 by the end of the month. This projection suggests a -5.7% change from the initial value.
PandaForecast: The weighted average target price per AMD share for September 2024 is $151.81, with a possible monthly volatility of 6.201%. The pessimistic target level is $146.28, while the optimistic target level is $155.95.
Personal Finance Freedom: Their forecast indicates an average price of $170 for September 2024, reflecting an expected increase of approximately 14.8% during that month.
StockScan: The average price target for AMD stock in 2024 is $180.52, with a high forecast of $227.30 and a low forecast of $133.74. This represents a +10.14% change from the last recorded price of $163.90.
