Dow hits a record high, AAPL hits a record high of $157.41 before setting a closing high of $156.34 and was up modestly after hours. What’s in store for Tuesday?

Re: AAPL Intraday Updates

[quote author=“DawnTreader”]Dow hits a record high, AAPL hits a record high of $157.41 before setting a closing high of $156.34 and was up modestly after hours. What’s in store for Tuesday?

don’t know but the S&P is 4 points off of breakout and all time high and is more relevant than DJII. but we need volume to confirm

Black Monday .  Oct 19, 2007 is Oct OE Friday.  Exactly 20 years from Oct 19, 1987.  Don’t be too euphoric.  If you don’t want to take up insurance, adding is very risky.  Btw, Oct 27, 1997 is a mini-crash .

[quote author=“Mace”] Black Monday .  Oct 19, 2007 is Oct OE Friday.  Exactly 20 years from Oct 19, 1987.  Don’t be too euphoric.  If you don’t want to take up insurance, adding is very risky.

Sell the ‘rumour’ buy the ‘news’ - everyone’s doing it these days dontchyaknow. Sell Good Friday, buy Black Monday. Be contrarian when others are being othordox, and be orthodox when others are contrarian. Sell the sellers and buy the buyers but sell them in time to catch them out before they sell too. And then buy back again.

“Black Monday” indeed… yes, lets not risk holding stocks because of something that happened on a similar date twenty years ago.

Sorry Mace, not having a go at you. I’m just in general fed up with the hyperbole and hysteria the markets whip up a frenzy over these so-called cycles and important dates, of which there are now so many every fcuking week - let alone month - that we are literally drowning in a sea of buy and sell signals sent from the ghosts of markets past.

Tommu_UK,

From my limited news following, I see no mention by media of Black Monday.  Thot is obvious for media to talk about ... ominous.

[quote author=“Mace”]Tommu_UK,

From my limited news following, I see no mention by media of Black Monday.  Thot is obvious for media to talk about ... ominous.

marketwatch is dedicating a whole segment to a possible repeat:

Link

BTW, I’ve finally understood how to link properly (usually, I needed 5 minutes to search for alcatholics 101 manual in the archives )

How to confuse the hell out of individual investors: Headlines screaming BUY OCTOBER, SELL OCTOBER, BUY THIS INDICATOR, SELL THAT INDICATOR.

Christ, the entire market needs a Valium.

Tommo, if “sex sells” is a valid marketing strategy for average Joe, “disaster sells” is probably the best marketing strategy for wannabe investors (also known as cows)
The examples are countless (the ones coming to my mind): Suttmeier, Kass and their friends having somekind of special status (allowed to return on air, even if 95% of their calls turn out to be complete rubbish), Ken Fisher used to advertise with the catchphrase “is the market headed for a fall?”, Cramer boasts about “recession-proof stocks”, etc…

On a more serious note, I’m much more worried of a resurface of the subprime crisis under a new form, as problems/malfunctions usually surface in clusters (just like Schumpeter’s innovation…)

RIMM got another downgrade this morning.. stock is barely down.

AAPL up in the PM with the rest of the crowd, though only modestly. I expect it will just trade in an outsized reaction to the indices in either direction between now and earnings. AAPL can run up to $160 today without getting over-extended,  but equally it could easily pull back to $152 without even hinting at anything being amiss.

It could pull back all the way to $144 without putting its recent uptrend in danger.

20 years ago today I had diarrhea.  Maybe I’ll skip breakfast today. 

[quote author=“Tommo_UK”]
It could pull back all the way to $144 without putting its recent uptrend in danger.

I hope that happens before earnings Nice entrypoint ... Ah well ... I’ll dream-on and daytrade the run to 160 today…

iceberg sighted hard right rudder ahead-full-turn

Quadra - are you still short? Just curious - I shorted more at 157.45 this am. Hoping for a retrieve to 155 or so today.

Quadra - are you still short? Just curious - I shorted more at 157.45 this am. Hoping for a retrieve to 155 or so today.

Yes, nice pick-up btw,  I hit it again @ 157.51 ...  I think today is pivot day.  If we close green I may start covering.

Watching the T&S stream most trades are in the 100-600 range - i.e. small investors.

This is one of the reasons I’d personally like to see a split - 3 or 4 for 1. Some make the argument that the retail investors make the stock less stable, but it’s still chugging upwards. And I don’t see how they can make the price any more volatile than the large scale bear raids we seen repeatedly in recent months.

New HOD. Let’s hear it for Mom & Pop investors everywhere! 

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