AAPL Intraday Updates (Archive)

  • Posted: 21 November 2010 05:51 PM

    It’s a shortened trading week. What should we expect in early Monday trading following Friday’s retrenchment in the share price?

    [ Edited: 25 November 2010 12:42 AM by DawnTreader ]      
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    Posted: 21 November 2010 06:34 PM #1

    I would like to think that the bears lost one of their prized possessions with Ireland taking a bailout. From my perspective the Christmas season looks to be a good. If WS feels that the consumer is going to be strong, then I see the market going up. Of course AAPl will only move with the market without news. I don’t see any news from Apple coming this week.

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  • Posted: 21 November 2010 06:50 PM #2

    DawnTreader - 21 November 2010 09:51 PM

    It’s a shortened trading week. What should we expect in early Monday trading following Friday’s retrenchment in the share price?

    I predict AAPL will rise on Monday.

         
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    Posted: 21 November 2010 07:26 PM #3

    Futures are green 8-)

    Bought back last week so I am all in.

         
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    Posted: 21 November 2010 07:56 PM #4

    omacvi - 21 November 2010 11:26 PM

    Futures are green 8-)

    Bought back last week so I am all in.

    You are a true sponge.  At only 1/2 in, I am merely a

    GIFanatics.com

         
  • Posted: 22 November 2010 12:46 AM #5

    Monday

    R4       316.34
      midpoint   314.75
    R3       313.16
      midpoint   311.57
    R2       309.98
      midpoint   309.17
    R1       308.35
      midpoint   307.58
    PP       306.80
      midpoint   305.99
    S1       305.17
      midpoint   304.40
    S2       303.62
      midpoint   302.03
    S3       300.44
      midpoint   298.85
    S4       297.26

         
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    Posted: 22 November 2010 02:31 AM #6

    zulu - 21 November 2010 11:56 PM
    omacvi - 21 November 2010 11:26 PM

    Futures are green 8-)

    Bought back last week so I am all in.

    You are a true sponge.  At only 1/2 in, I am merely a

    GIFanatics.com

    The chicken…LIVES!

    Ahem.  My portfolio’s been in better shape, but I have a little time to weather things out before getting worried.  Retail sales for this week will be a significant data point for the markets, I’d think.  Everybody, go out there and shop!  It’s too much to hope for definitive answers on cap gains/income tax rates just yet, so I’ll take what I can get for now.

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    Thanks, Steve.

         
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    Posted: 22 November 2010 02:35 AM #7

    Threat of potential civil unrest in Ireland.

    http://uk.reuters.com/article/idUKTRE6AJ1DP20101121

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    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

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    Posted: 22 November 2010 02:54 AM #8

    Say some highly interested parties.

    As long as it isn’t significantly worse than what happened in Greece (not to diminish tragic events such as the loss of life in Greece during that protest back in May, which was simply abominable), the markets will hopefully mostly shrug it off.

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

         
  • Posted: 22 November 2010 06:20 AM #9

    This is free publicity for iPhone 4. Sebastian Vettel, the new F1 Champion was recieved yesterday in his small homevillage called Heppenheim. They changed the name to Vettelheim for the occasion. The F1 champion (yes they get younger and younger) had to grab his iPhone to take some photos/videos of this event.

         
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    Posted: 22 November 2010 08:45 AM #10

    We have arrived at the Thanksgiving week were trading will be abbreviated. Markets will be closed Thursday November 25 and on Friday November 26 trading will close early at 1:00 PM ET.


    The shortened week will have many important economic data releases Tuesday and Wednesday.

    Tuesday will start with The Commerce Department releasing GDP - Second Estimate and GDP Deflator - Second Estimate at 8:30 AM followed by the National Association of Realtors releasing existing-home sales data for October at 10:00 AM. At 2:00 PM Minutes of the FOMC Meeting.

    Wednesday begins at 7:00 AM with MBA Mortgage Applications, followed at 8:30 by Personal Income, Personal Spending, PCE Prices-Core, Durable Orders, Durable Orders ex-transportation, Initial Claims, Continuing claims, then 9:55 Michigan Sentiment-Final, at 10:00 New Home Sales and FHFA Home Price Index Q3 and finally at 10:30 Crude Inventories.


    This Monday we have no economic data, but some earning announcements may move the market. Before the open, we have TSN and after the bell, ADI, BRCD and HPQ were players will be paying attention.

    Ireland provided relief to tensions after applying for bailout. In addition to funds from the EU and IMF, Great Britain and Sweden have indicated they would provide bilateral loans to Dublin as part of the package. The Euro is up but stock markets in Europe are mixed. Worries on Portugal and Spain starting to come front stage adding pressure to markets.

    Asian markets are also mixed for Monday with Japan, South Korea, Australia and Taiwan closing up. China and Hong Kong mostly lower. Even though sentiment was upbeat with Ireland?s bailout, still concerns on China measures to curb inflation.

    USDX at 78.36 down -0.30%. Euro up at 1.3683 flattening at 0.09%.

    miniDJI 11,170 flat with down bias down -9 points -0.08%

    S&P 500 1197.4 flat with down bias -0.07%. Overnight traded between 1197.4 and 1206.

    NASDAQ 100 2148.75 up 0.71%.

    AAPL $306.6 flat with a down bias -0.04%. The only news comes from South Korea were the iPad starts to be sold by KT Corp, the exclusive distributor for the iPhone and second-largest mobile carrier. SK Telecom South Koreas top mobile carrier released on Nov. 13 Samsung?s Galaxy Tab selling more than 25,000 units in about one week.


    Momentum reading on all three major indexes still point lower. Momentum indicators on the DJ transportation and Russell 2000 small cap index have turned bullish.

    With the market still oversold and this being a holiday week, many are betting on the upside. Don?t get complacent this week.

         
  • Posted: 22 November 2010 09:22 AM #11

    Ireland’s bailout as a positive isn’t holding, probably due to the recognition that the financial aid will exceed Greece’s bailout.  Whatever the reason(s), AAPL should trade with the market, which is looking flat to slightly down in the pre-market.

         
  • Posted: 22 November 2010 09:40 AM #12

    It would be nice if the new iOS 4.2, making its premiere at 10AM PT today, would serve as an AAPL catalyst.  But that’s probably being optimistic…

    Read here for Apple’s announcement

         
  • Posted: 22 November 2010 09:55 AM #13

    Mercel - 22 November 2010 01:40 PM

    It would be nice if the new iOS 4.2, making its premiere at 10AM PT today, would serve as an AAPL catalyst.  But that’s probably being optimistic…

    Read here for Apple’s announcement

    Well the web should be full of people who are raving about it… Might make the mainstream news stuff tonight, like the Beatles news did. That might help.

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    Posted: 22 November 2010 10:58 AM #14

    Sliced through R2 at 309.98 with ease.  Will short covering take us to 313 today?

         
  • Posted: 22 November 2010 11:10 AM #15

    zulu - 22 November 2010 02:58 PM

    Sliced through R2 at 309.98 with ease.  Will short covering take us to 313 today?

    First rule of AFB… You don’t talk about AFB… raspberry

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