Timcook
AAPL LIVE. What it looks like at a major resistance. Today following my analysis and watching my indicators i figured that we would test this major resistance on the daily ascending triangle. This goes higher, if we do not gap up over resistance then we may see downside. With the electionresults coming this could present an opportunity for a gap up and then a retest of that resistance of support so if you are swinging calls and you are in our chatgroup with us. We will be on live watching premarket movement to get a solid idea of how we will be moving the days following. I am playing option contracts going out till NOV 20 and DEC 18. We havent missed one swing trade this week. This is why T&A is so important. keep eyes on $spy
So far we have hit $BABA $AAPL $GRWG $BIIB $ACB $CGC $ZM $FB $NIO $LI and $KNDI for some account flipping gains. These levels are going to be retested going forward. Trying to see when
AAPL needs a push from $SPY to continue after the break.If you watched my last video I set two levels as my prediction from AAPLS range today. It respected it well. Other Tickers such such as $NIO and $CVS which I Signaled in my channel. Held up well against the markets downside today. AAPLs divergence stayed true today as we saw a tight range , but regardless we continue up I believe. If you are long on AAPL make sure you are well hedged with UVXY or VXX calls. If i am bearish on this i am looking for a retest of the previous resistance turned support. The market makers are strong...but are robinhooders stronger?
AAPLPossible cup and handle. If we break above the $126.5 level, we could see a runner to the $137 level.
APPLESeptember 9th, Wednesday, 12:52pm
Waiting and analyzing price to see if it stays or breaks the 117.30 for potential upside especially as we approach apple's second major yearly conference, I'm hopeful that this conference will boost the price to the previous high of 135-138 as we enter next week. In the case that the price is unable to hold we could potentially see a drop in price trying to fill in the gap.
Currently, there are 1 million call options being place vs 400K put options, P/C ration remains under 0.75 at 0.389 indicating bullish sentiment (This can obviously change but for the time being we are bullish sentiment)
The sizzle index is currently at 0.899 indicating volume is lower than the past 5 days. (If over 1.00 this indicates volume increase compared to the past trading week)
Call Sizzle - 0.944 (notice call sizzle is higher than put sizzle but still under 1.00)
Put Sizzle - 0.74
P/C ratio - 0.3989
If volume increases in favor of calls I will be placing calls going into next week.
My AAPL play has worked out GREAT!YouTube: Dumb Money Trader
twitter.com/dumbmoneytrader
facebook.com/dumbmoneytrader (New FB group. Very few restrictions, unlike a lot of other investment groups)
www.dumbmoneytrader.com
The BIG $AAPL. 200ma daily broken?!So so the BIG Apple.
Above the 200ma on the daily, look in history what happens then…\u2028\u2028Would be surprised if the 0.618 acts like a big resistance. So my target should be 0.786 fib. Could play nice out. 50MA on weekly under the candles so what could go wrong?
Target would be like I said the 618fib, $210-$215
AAPL Technical Pattern: Dark Pool Rotation AFTER Earnings SeasonOne of many things I strive to teach my students is to watch what happens to a stock immediately AFTER an earnings season. This is the telltale activity of the Dark Pools who prepare for the next earnings season weeks ahead of those reports. So when AAPL started showing signs of large-lot rotation in September and into December, that was your cue that this big bellwether had slammed into a Market Saturation Phase hard, very hard.
CEO Tim Cook warned this morning that quarter 4 of 2018 is going to have significantly lower revenues. AAPL has been making minor enhancements to its iPhone for years and running on fumes without any new exciting products coming through. And NO, the Augmented Reality it has hurriedly rushed to promote is not true AR and will not likely help the Market Decline Phase. It could take a long time to recover with no new technology emerging from this company for this year or longer.
(!) WARNINGS for AAPL holders: strong bearish signals!I’m writing this message as a considerable warning to all AAPL holders. I am a long term investor myself, buying most of my position at the correction leg around $55 as shown in the graph (at point '2") at the first highlighted correction in 2013.
I actually wrote a similar post on January 29th, but because it contained some external links, Tradingview blocked the post. You can nevertheless still see the graph I made back then:
I found this chart compelling enough to repost it, albeit with a nice update ;)
I took some profit back then in February, at around $180, so really at the top. Subsequently, a drop occurred to 150ish. Today, price is back up to the $180 level. But the main story I had back in February still holds true.
Even though I'm relatively bearish now, I am still holding a small position just out of principle: I see myself as a long term holder of AAPL.
Sidenote: I noticed similar red flags on the leading European index DAX30 , and the S&P500 .
DAX30
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Now, the bearish-oriented title doesn’t promise much upside for AAPL , & when I look at the longer term graph of AAPL, I get the creeps and shivers. Practically a multitude of indicators & other information on the chart show us flickering red lights all over the place . Here we go:
(1): AAPL has been in a long term upward trend channel since 2009 more or less, it has hit upper resistance of the trend channel twice before, and each time it fell right back to the trend channel support. You can see that in "1" and in "3". We are now again touching the upper resistance line in "5", a small breakthrough took place but couldn’t hold, sending the price right back to the $150 area. Nevertheless, the overall momentum in the market remains positive and Apple got a boost to get back to today's $182. That is out of the trend channel, and even beyond resistance. But Apple is already the largest stock on the planet, and no way that it can go vertical like our friend Bitcoin. We can theoretically expect the price to fall back to the lower support of the trend channel around "6"! That would imply a price level of around $140 (-23%)
(2) If we have a look at the section just below the graph, The MACD (Moving Average Convergence Divergence), theory tells us that if the blue and red line cross each other above zero and the red line comes above the blue line, that we have a bearish reversal. Just have a look at the graph and you can see this happening in 2007-ish, just before 2013, just before 2016, and, well, right now (almost).
—> Vice versa, we can see a “bullish” (if not “golden”) cross when the blue line crosses the red line and blue comes on top. This is also clearly visible in the MACD section.
(3) The lower section shown here is the RSI or relative strength index. To keep things brief: this indicator can typically be relied upon to confirm a bearish or bullish stance. This holds true quite visibly for AAPL & we are seeing a confirmation of the downward signal in the MACD quite clearly before each pullback.
Conclusion:
I am a long term holder of AAPL but recently took some profit around $180. Why? Because the technical picture points to a major pending bearish reversal. Long term trend channel since 2009 is acting as a major resistance, MACD is almost showing a death cross, & RSI confirms that bearish stance.
