6/7/24 - $aapl - the beneficiary of $nvda take profits. NOTE it.6/7/24 - vrockstar - NASDAQ:AAPL - pointing out something interesting here... NASDAQ:NVDA has carried the tape for the last several weeks. other mag 7 too... but today is particularly interesting ahead of NASDAQ:AAPL event to see it getting the bid. this IS THE HAVEN. tape if does go up will go up on the back of NASDAQ:AAPL , and it looks to be the biggest beneficiary of flows from other names. I'm opportunistically OUT of my NASDAQ:NVDA into next week, bot NASDAQ:AAPL 200C's and hedged w/ AMEX:SOXL P's 2 weeks out. i remain cashy and hedged generally. see my other comments for other ideas and have a good weekend fam.
-V
APC trade ideas
Clear 20% upside potential within few monthsTechnical analysis speaks for itself.
Some key facts:
Analyst Wamsi Mohan rates Apple as Buy with a $225 target, citing capital return, Gen AI, iPhone 16, and profit growth as growth drivers for 2024.
Apple to unveil new iPad versions on May 7, featuring OLED displays, updated chipsets, and redesigned Magic Keyboards, aiming to boost falling Mac and iPad sales.
Apple's iPhone sales in China fell 19% in Q1, the worst since 2020, losing share to Huawei. Government ban impacts sales. Apple cuts prices, plans new strategies to boost sales.
Market Crash - Magnificent 7 Ascending WedgeYet another ascending wedge here on the magnificent 7. Not only that, it has a fakeout today above and closed with a large upper wick. Bearish signal in my opinion. It's sitting right at the top end of the wedge heading into CPI and FOMC. It can go either way, it should be a big move. The odds are in favor of a drop based on this wedge pattern.
"The specified direction has been realized.""The specified direction for AAPL stock has materialized according to resistance level 1. If continued, potential resistance points 2 and 3 could be identified for profit-taking."
"Investors should understand the nature of the product, return conditions, and risks before making investment decisions."
Short $AAPL between $191-196. Target below $100?NASDAQ:AAPL is starting to look like a really great short opportunity. As you can see from the chart, the bullish trend that started in 2020, broke down in 2022 and hasn't been able to confirm support above it.
We confirmed resistance on that trend line in August and now looks like we're going back to test it one more time. I'd imagine this time, it won't break through and we should see a strong downward reaction afterwards.
I think we'll see price fall after that December pivot and then bottom sometime before 2025 at the lower support level.
Let's see how it plays out over the coming year.
Pulse of an Asset via Fibonacci: AAPL at ATH Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water.
"Impulse Redux" is returning of wave to the original source of energy.
"Impulse Core" is the zone of maximum energy, in the Golden Pocket.
Are the sellers still there? Enough to absorb the buying power?
Reaction at Impulse is worth observing closely to gauge energy.
Rejection is expected on at least first approach if not several.
Part of my ongoing series to collect examples of my Methodology: (click links below)
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place <= Current Example
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
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Ordered Chaos
every Wave is born from Impulse,
like a Pebble into Water.
every Pebble bears its own Ripples,
gilded of Ratio Golden.
every Ripple behaves as its forerunner,
setting the Pulse.
each line Gains its Gravity.
each line Tried and Tested.
each line Poised to Reflect.
every Asset Class behaves this way.
every Time Frame displays its ripples.
every Brain Chord rings these rhythms.
He who Understands will be Humble.
He who Grasps will observe the Order.
He who Ignores will behold only Chaos.
Ordered Chaos
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want to Learn a little More?
can you Spend a few Moments?
click the Links under Related.
Betting on the Apple Ecosystem: A Long-Term Look at AAPL StockApple (AAPL) has captivated investors for decades. Their sleek design, user-friendly interface, and commitment to innovation have fueled a loyal customer base and consistent stock growth. But with a recent focus on rebranding artificial intelligence (AI) as "Apple Intelligence," some wonder if the company can maintain its momentum. While this AI rebranding sparks debate, a long-term bullish outlook on AAPL remains strong, driven by the company's core strengths and a vibrant ecosystem.
Beyond the Buzzword: Why Apple?
Despite the recent "Apple Intelligence" announcement, the company's true value lies beyond a single rebranding effort. Here are some key factors driving a long-term bullish outlook on AAPL stock:
• Brand Loyalty: Apple boasts an unrivaled level of customer loyalty. Their products are not simply seen as tools, but as integral parts of users' lives. This loyalty translates to consistent product sales and recurring revenue streams.
• Innovation Engine: Apple is a constant innovator. From the revolutionary iPhone to the powerful M1 chip, they consistently push boundaries and create products that redefine user experiences. This drive to innovate keeps them ahead of the curve and ensures a steady stream of new revenue opportunities.
• A Walled Garden that Works: While some criticize Apple's closed ecosystem, it fosters a tightly integrated user experience. Seamless connectivity between hardware, software, and services like iCloud creates a smooth and efficient experience that users appreciate.
• Services Boom: Apple's services segment, encompassing offerings like Apple Music, iCloud, and Apple Arcade, is experiencing explosive growth. This recurring revenue stream provides stability and reduces dependence on hardware sales alone.
The "Apple Intelligence" Gamble: A Double-Edged Sword?
Apple's recent rebranding of AI to "Apple Intelligence" is a bold move. While it reflects a user-centric approach, some potential drawbacks exist:
• Managing Expectations: "Apple Intelligence" sets high expectations. Delivering features that consistently live up to the name is crucial to avoid user disappointment. Bugs and limitations can erode trust and damage the brand.
• Transparency Challenges: Apple hasn't always been at the forefront of AI transparency. Building trust requires openness about how their algorithms work and how user data is used.
• Integration Hurdles: Successfully integrating powerful AI features across their ecosystem requires meticulous engineering. Any hiccups in this process can hinder user adoption and adoption of the "Apple Intelligence" moniker.
The Long View: Betting on the Ecosystem
Despite potential roadblocks with "Apple Intelligence," the core strengths of the Apple ecosystem remain compelling. Their focus on user experience, consistent innovation, and a loyal customer base position them well for continued success. The "Apple Intelligence" rebranding might be a gamble, but it shouldn't overshadow the company's commitment to building a seamless and intelligent user experience.
For long-term investors, AAPL remains a strong contender. The company's dedication to innovation, a loyal user base, and a robust ecosystem suggest continued growth potential. However, keeping a watchful eye on the execution of "Apple Intelligence" and its impact on user experience is prudent. After all, in the world of technology, even the most brilliant ideas can falter without flawless execution.
Put Vertical Debit Spread on AAPLImplied volatility is going to shoot up. This is the first time I am attempting a trade based purely on volatility. I got a 195 put with 17dte for .87 and sold a 192 put for .55 and a total of 5 contracts each.
I am planning to close at a LMT of .65 on all.
The Boudhimi Bands 3rd sigma was pierced, volatility would demand a drop, I do believe AAPL may continue up, but it will drop enough to fill my spread and make a few short term puts valuable. Maybe.
I went long aapl this morning near the low take profits now the chart posted was an easy trade this morning with so many long puts trapped at the low the calls were a free $ day 21 % gain in my calls look now for a pull back in aapl to buy long next week I have a cycle peak in VIX best of trades WAVETIMER
Bear Put Spread on AAPL 4 DTEApple's Dev conf is today, so this is similar to playing an earnings play, also AAPL is at major resistance, would need massive bullish rise to break up imho.
6/10/2024 AAPL Bear Put Spread Debit -195 +197.5 Jun 14th
Premium: $111
Cap requireD: $139.00
78% gain on capital allocated
Apple’s AI May Not Be Enough to Spur Another RallyThe tech giant unveiled highly anticipated generative artificial intelligence (AI) features for its devices and turbocharged its voice assistant Siri, which can now take cross-app actions. The new functionalities will be available with the next operating systems (typically rolled out in autumn) in the most recent devices capable of handling the heavy workloads. The AI features could generate excitement around Apple’s products, get people to buy the latest devices and reinvigorate its sluggish sales.
Apple’s stock registered a relief rally in May, largely due to optimism about the expected generative AI announcements, now being at striking distance of new record (199.62). AI is expected to fuel a recovery in the smartphone market and could help Apple’s top and bottom lines if done right.
On the other hand, Apple’s entry to the AI arena is late, far from groundbreaking and mostly a catching up exercise. Its lack of innovation along with other factors have hurt its sales, which have shrank for five of the past six quarters. Monday’s announcements may not be enough to sustainably take revenues out of contraction and drive the stock higher.
AAPL dropped yesterday as markets appeared underwhelmed and the RSI’s divergence lower could lead to a pullback towards the EMA200 (black line). Daily closes below it however that would pause the bullish bias have a higher degree of difficulty.
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Past Performance is not an indicator of future results.
APPLE Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for APPLE below:
The price is coiling around a solid key level - 196.91
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 188.16
Safe Stop Loss - 201.94
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
AAPL Shares Drop Following the Apple Intelligence PresentationAAPL Shares Drop Following the Apple Intelligence Presentation
Yesterday, 10 June, at the WWDC2024 conference, the American corporation Apple unveiled its new artificial intelligence system, Apple Intelligence (AI).
Apple Intelligence will allow users to enhance their text and communicate more effectively: rewriting, proofreading, and summarising text almost everywhere, including in mail, notes, pages, and third-party applications. The Rewrite function will enable changing the tone of messages, adding jokes, and rephrasing sentences.
Key features include:
→ AI's capability to understand the user's "personal context."
→ AI's ability to generate unique photos, sketches, and illustrations in Notes, Freeform, and Pages.
→ Apple confirmed its collaboration with OpenAI during the presentation.
However, on the same day, AAPL shares fell nearly 2%, with high trading volumes on the Nasdaq—over 97 million shares were traded, compared to an average volume of about 59 million.
Is this a sign that investors were disappointed with the presentation? Looking at AAPL’s stock chart today, it suggests that the decline might be due to the significant $195 level per AAPL share.
Technical analysis of AAPL’s chart shows that:
→ The price attempted to hold above $195 three times (end of July 2023, December 2023, end of January 2024) but failed. The proximity to the crucial psychological mark of $200 per share seems to be a factor.
→ The RSI indicator is near the overbought zone, motivating a price correction and profit-taking near key resistance (after a rally from A to B of almost 20% in less than two months)—this could have driven yesterday’s decline.
→ Yesterday’s candle formed a bearish engulfing pattern.
If the correction continues, AAPL’s price may fall within the ascending channel (shown in blue) to its lower boundary. A key support level might be around $180.40:
→ Approximately the 50% Fibonacci retracement level from the bullish impulse A to B.
→ The upper boundary of the bullish gap from early May.
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