AAPL Intraday Updates (Archive)

  • Posted: 07 November 2010 04:18 PM

    Will AAPL advance in early Monday trading or continue the move south from last week’s all-time highs?

    [ Edited: 13 November 2010 11:16 AM by DawnTreader ]      
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    Posted: 07 November 2010 04:37 PM #1

    Who knows?  But I’ll take a guess anyway!

    QE2 and the elections are done, so the markets will take a break while waiting for more news.  AAPL should follow the pack as usual…that is, until it starts breaking away towards 350 as mid-January approaches and the ttm earnings rises from $15.15 to $17 or higher (the $3.67 number replaced with $5.70 or so for fiscal Q1).  But I digress…that’s not intraday.

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    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.

         
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    Posted: 07 November 2010 05:45 PM #2

    DawnTreader - 07 November 2010 08:18 PM

    Will AAPL advance in early Monday trading or continue the move south from last week’s all-time highs?

    I don’t know, but if you find out with certainty, please PM me ASAP! smile

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    We filed for over 200 patents for all the inventions in iPhone and we intend to protect them. — Steve Jobs, 2007

         
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    Posted: 07 November 2010 09:40 PM #3

    Nasdaq is -3.  I have a theory that on a given day, the stocks can drop up to triple intraday what the futures are saying.

         
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    Posted: 07 November 2010 11:22 PM #4

    In the latest Etrade commercial with the talking baby, isn’t that an Ipad hanging on his crib….and momma takes it away so he can’t trade?

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    AAPL: to boldly go where no stock has gone before

         
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    Posted: 07 November 2010 11:35 PM #5

    Red shirted ensign - 08 November 2010 03:22 AM

    In the latest Etrade commercial with the talking baby, isn’t that an Ipad hanging on his crib….and momma takes it away so he can’t trade?

    It really is weird (good weird) to see iphones so mainstream and ubiquitous that every commercial mentions their iOS app. A long way from the old days when one of the arguments for not buying a Mac was that there weren’t enough apps for it, or you had to wait months or years for a port. Warms my heart every time I see such an ad. I think it was an ING ad the other day bragging about it? Hey, Charles Schwab, anytime you’re ready I could use one…

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    We filed for over 200 patents for all the inventions in iPhone and we intend to protect them. — Steve Jobs, 2007

         
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    Posted: 07 November 2010 11:42 PM #6

    Red shirted ensign - 08 November 2010 03:22 AM

    In the latest Etrade commercial with the talking baby, isn’t that an Ipad hanging on his crib….and momma takes it away so he can’t trade?

    That ad was awesome.

    He also has a backup plan in another ad (look up “Solitary”), although he misidentifies the iDevice.  Eh, as long as he has Wi-Fi, it’s all good.  wink

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    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.

         
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    Posted: 08 November 2010 12:11 AM #7

    adamthompson3232 - 08 November 2010 03:06 AM

    Watching the cowboys get embarassed by the packers and saw a capital one commercial that had one actor using an iPad passively. It was not critical to the commercial but wa interesting to see iPad starting to pop up everywhere.

    Last Wednesday on the show Criminal Minds they went to great effort to bring all the agents their own ipad before their conference started. Now that is nice seeing 6 ipads roll into the living room.

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  • Posted: 08 November 2010 12:42 AM #8

    Monday

    R4       326.28
      midpoint   324.87
    R3       323.46
      midpoint   322.05
    R2       320.64
      midpoint   319.76
    R1       318.88
      midpoint   318.35
    PP       317.82
      midpoint   316.94
    S1       316.06
      midpoint   315.53
    S2       315.00
      midpoint   313.59
    S3       312.18
      midpoint   310.77
    S4       309.36

         
  • Posted: 08 November 2010 12:45 AM #9

    mbeauch - 08 November 2010 04:11 AM

    Last Wednesday on the show Criminal Minds they went to great effort to bring all the agents their own ipad before their conference started. Now that is nice seeing 6 ipads roll into the living room.

    iPad 2 ads are in production and it looks like iOS 4.2 may be out this week.

         
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    Posted: 08 November 2010 04:22 AM #10

    Haven’t seen any iPad 2 prototypes or prototype parts on the rumor sites, but hey, the iPad 2 is due for announcement in late January or so anyway. 

    As for iOS 4.2, can’t wait to try out AirPrint!  So geeky, and yet so practical!  I’d need to get me an AppleTV first before I can try out AirPlay…but then again, Apple Stores would be perfect testing grounds…

    [ Edited: 08 November 2010 04:25 AM by Mav ]

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    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Team™
    Thanks, Steve.

         
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    Posted: 08 November 2010 09:43 AM #11

    US economic data consistently surprised on the upside last week.  The veil of uncertainty is being lifted as QEII was announced, election results published and bulk of earnings announcements through with an upbeat outlook for the majority.

    The balance of power change with elections makes business and investors more sure of their marginal tax rate next year, which is very good news. The dust is settling.

    Elsewhere there are mounting tensions with emerging China and Brazil voicing their concerns on QE2 and tightening foreign-exchange controls on financial markets or raising taxes to curb injections of liquidity and consequent valuation of their currencies. G-7(8) members have also been voicing their own concerns since QE2 announcements. Possible trade tensions and potential currency wars still looming.

    FED?s Bernanke Saturday said at a forum in Georgia ?We are not in the business of trying to create inflation?, and the only priority is to boost the economy.  As interest rates fall, it is anticipated that investors will seek higher rates of return from riskier assets than the returns they can secure from income securities pushing the price of riskier assets higher.

    Futures traded overnight slowly and sideways, probably signing the technically overbought conditions will be worked out by going sideways as long as momentum stays bullish. The greenback however continues stubbornly its raise up with Ireland and Portugal continuing as catalysts, but Greece falling backstage as the ruling PASOK party made a strong showing in local elections.

    Futures mildly down with a bias to flat. The inverse correlation of the dollar will likely continue pressing markets.

    USDX 77.165 up 0.62% with only the Japanese Yen trading higher 0.29%. Euro at 1.3911 down -0.90%.

    S&P 500 down -0.28% at 1218.50. Traded overnight quietly between 1216.60 and 1222.30.

    miniDJI down -20 points or -0.18% at 11,356

    NASDAQ 100 -0.27%

    XLF up 0.13% with BAC up 1.86%. Eric?s call on BAC was right on spot this weekend. It will be auspicious if the Financials join and later lead the rally.

    AAPL at $317.40 rebounding from earlier PM at low $316s. Still believe we may see more trending sideways with the market, consolidating gains before starting to trend higher.

    Expect a quiet sideways trading today with players looking for direction and wandering what the next catalyst may be. Still markets are overbought and this can bring strong volatility if something hits it. Superstitious POMO day today may lead to some upside.

    With less than 43 days trading days to go, seasonality and the uptrend in place works on our side.

         
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    Posted: 08 November 2010 11:09 AM #12

    Out of the gates, AAPL is showing strong momentum now $318.55 on the opposite direction of indexes.

    DJI 11374 down -69.63 points -0.61%

    SPX 1219.57 down -0.51% but over the 1200 threshold and at year highs.

    VIX 19.31 up 5.75%. Fear back to play.

    FXE -0.90 with USDX 77.08 up 0.51%

    XLF reversed now -0.83% while BAC up 1.33% with other players mostly down. Qs struggling to go flat with strength in semis including CREE up 1.23% and INTC up 1.08%

    Waiting for markets to stabilize in a while.

         
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    Posted: 08 November 2010 11:24 AM #13

    AAPL continuing its trend higher while indexes mostly down and unchanged from last update. Now 319.09 with 3.4 million shares traded.

    The action is on light volume, however looks sustained and not the ballistic leg up at opening we usually see being faded later. Cautiously optimistic we may be seeing end of consolidation and another leg higher.

         
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    Posted: 08 November 2010 12:08 PM #14

    The Washington Post is now on the IPAD, free until February.

    Don’t underestimate the value of having major media content on the magical device. Another step forward.

    http://itunes.apple.com/us/app/the-washington-post-for-ipad/id401284198

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    AAPL: to boldly go where no stock has gone before

         
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    Posted: 08 November 2010 12:14 PM #15

    BrazilNuts - 08 November 2010 03:24 PM

    AAPL continuing its trend higher while indexes mostly down and unchanged from last update. Now 319.09 with 3.4 million shares traded.

    The action is on light volume, however looks sustained and not the ballistic leg up at opening we usually see being faded later. Cautiously optimistic we may be seeing end of consolidation and another leg higher.

    R1 (318.88) has become support now with next resistance at 320.64.  Stock is at 319 or so here.