AAPL Intraday Updates (Archive)

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    Posted: 24 January 2011 02:58 PM #16

    Yesterday I was thinking to myself that the dramatic fall in AAPL’s stock price was still another in the ancient story of good investors selling off after earnings.  And why had I thought that this time might be better?  It is a lot like Lucy grabbing away the football at the last moment, sending Charley Brown tumbling.  He knew it would happen, yet he decided to trust Lucy, on the chance that this time it would end differently.

    At least today makes up for a bit of my stupidity in not banking some profits just before the announcement.

         
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    Posted: 24 January 2011 03:35 PM #17

    Just a few thoughts.

    Many people are scratching their heads with the action today. It is mind boggling. The market does what it has to do regardless what we think. Technically the market was and is on a tight spot as described before.

    Breath is very good now with close to 4 gainers to 1.7 decliners but still does not feel there is a lot of energy. Volume is on the light side. This could be an oversold bounce after last week’s poor action.

    Went all cash on my trading position on AAPL before it started to pullback at around $350 on PM last week. Today arrived all cash and made some flips after chasing strength and still not convinced on DJI gaining 104.

    A big move for indexes and AAPL. This could lead to profit taking tomorrow.

    Maybe just being too cautious and the market will produce another V-shaped recovery. However not keen on betting on it, yet.

    BKX at 53.15 down -0.78%. XLF at 16.46 flat. Financials underperforming.

    DJI at 11972.84. gaining 110.8 points up 0.85%

    SPX at 1290 up 0.57%

    NDX at 2298.86 up 1.35%. QQQQ at 56.44 up 1.36%.

    AAPL at $335.95 gaining $9.23 up 2.83%. Volume at 15.3 million.

    VIX at 17.58 down -4.82%.

         
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    Posted: 24 January 2011 03:55 PM #18

    thealct - 24 January 2011 04:00 PM

    Moneyflow shows AAPL on top of “Selling on strength” already ?  rolleyes

    what information source are you using for this?

         
  • Posted: 24 January 2011 03:59 PM #19

    blaze biscuits - 24 January 2011 07:55 PM
    thealct - 24 January 2011 04:00 PM

    Moneyflow shows AAPL on top of “Selling on strength” already ?  rolleyes

    what information source are you using for this?

    Probably WSJ: http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html

    Good thing we didn’t take heed this morning, though.

         
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    Posted: 24 January 2011 04:36 PM #20

    BrazilNuts - 24 January 2011 07:35 PM

    Just a few thoughts.

    Many people are scratching their heads with the action today. It is mind boggling. The market does what it has to do regardless what we think. Technically the market was and is on a tight spot as described before.

    Breath is very good now with close to 4 gainers to 1.7 decliners but still does not feel there is a lot of energy. Volume is on the light side. This could be an oversold bounce after last week’s poor action.

    Went all cash on my trading position on AAPL before it started to pullback at around $350 on PM last week. Today arrived all cash and made some flips after chasing strength and still not convinced on DJI gaining 104.

    A big move for indexes and AAPL. This could lead to profit taking tomorrow.

    Maybe just being too cautious and the market will produce another V-shaped recovery. However not keen on betting on it, yet.

    BKX at 53.15 down -0.78%. XLF at 16.46 flat. Financials underperforming.

    DJI at 11972.84. gaining 110.8 points up 0.85%

    SPX at 1290 up 0.57%

    NDX at 2298.86 up 1.35%. QQQQ at 56.44 up 1.36%.

    AAPL at $335.95 gaining $9.23 up 2.83%. Volume at 15.3 million.

    VIX at 17.58 down -4.82%.

    This market scares me. I want a direction be it a trading range that drags sideways, up or down. I really don’t care so long as I get it. At this point, I know lousy data is out there but people keep puffing the sails.

    Signature

    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?).

    For those who look, a flash allows one to see farther.

         
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    Posted: 24 January 2011 04:37 PM #21

    Unique - 24 January 2011 07:59 PM

    Pretty sure he is talking about WSJ selling on strength, google it.

    thanks

         
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    Posted: 24 January 2011 04:39 PM #22

    joel90069 - 24 January 2011 07:59 PM

    Probably WSJ: http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html

    Good thing we didn’t take heed this morning, though.


    thanks

         
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    Posted: 24 January 2011 04:45 PM #23

    Eric Landstrom - 24 January 2011 08:36 PM

    ... This market scares me. I want a direction be it a trading range that drags sideways, up or down. I really don’t care so long as I get it. At this point, I know lousy data is out there but people keep puffing the sails.

    Scared :bugeyed:.  13-week EMA and 40-day EMA continue to be strong support for AAPL.  So long didn’t break below, no need to be scared.

    Signature

    Stay Hungry. Stay Foolish.  - Steve Jobs

         
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    Posted: 24 January 2011 04:54 PM #24

    Eric Landstrom - 24 January 2011 08:36 PM
    BrazilNuts - 24 January 2011 07:35 PM

    Just a few thoughts.

    Many people are scratching their heads with the action today. It is mind boggling. The market does what it has to do regardless what we think. Technically the market was and is on a tight spot as described before.

    Breath is very good now with close to 4 gainers to 1.7 decliners but still does not feel there is a lot of energy. Volume is on the light side. This could be an oversold bounce after last week’s poor action.

    Went all cash on my trading position on AAPL before it started to pullback at around $350 on PM last week. Today arrived all cash and made some flips after chasing strength and still not convinced on DJI gaining 104.

    A big move for indexes and AAPL. This could lead to profit taking tomorrow.

    Maybe just being too cautious and the market will produce another V-shaped recovery. However not keen on betting on it, yet.

    BKX at 53.15 down -0.78%. XLF at 16.46 flat. Financials underperforming.

    DJI at 11972.84. gaining 110.8 points up 0.85%

    SPX at 1290 up 0.57%

    NDX at 2298.86 up 1.35%. QQQQ at 56.44 up 1.36%.

    AAPL at $335.95 gaining $9.23 up 2.83%. Volume at 15.3 million.

    VIX at 17.58 down -4.82%.

    This market scares me. I want a direction be it a trading range that drags sideways, up or down. I really don’t care so long as I get it. At this point, I know lousy data is out there but people keep puffing the sails.

    Doesn’t it look manufactured? Head to 12,000 and ...

         
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    Posted: 24 January 2011 05:08 PM #25

    And a last thought before retiring.

    “The trend is your friend ... until it ends.” as they say in the pits. So, again, which is the trend?

    Flabbergasted!

         
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    Posted: 24 January 2011 05:19 PM #26

    xoomer - 24 January 2011 08:51 PM

    Great information. It is normal for a business to explore and expand

    Be gone with your Spam says we! An AFB contributor you are not.

         
  • Posted: 24 January 2011 05:24 PM #27

    ChasMac77 - 24 January 2011 09:19 PM
    xoomer - 24 January 2011 08:51 PM

    Great information. It is normal for a business to explore and expand

    Be gone with your Spam says we! An AFB contributor you are not.

    I don’t understand.  Why do you think that is Spam?

         
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    Posted: 24 January 2011 05:30 PM #28

    Just My humble opinion, but I suspect we get the word on the rollout of hte IPAD 2 within a few days…..

    Remember the rumor a while back that the IPAD one was announced on the 27th of January and on the calendar icon on the screen shots, it said “27”.  All the IPAD 2 rumored screen shots (and maybe some more recent IPAD shots from Apple itself…not sure) have the “9” on the calendar icon, leading the conspiracy theorists to lean toward an event on Wednesday, February 9th. If so, we should hear about it by February 1st or 2nd…or sooner.

    Conspiracy, the spice of life…. :wink:

    Signature

    AAPL: to boldly go where no stock has gone before

         
  • Posted: 24 January 2011 05:41 PM #29

    Agreed. I like March 9th as a possible announcement date.

    Signature

    @chasedodge

         
  • Posted: 24 January 2011 05:54 PM #30

    Unique - 24 January 2011 09:44 PM
    alice - 24 January 2011 09:24 PM
    ChasMac77 - 24 January 2011 09:19 PM
    xoomer - 24 January 2011 08:51 PM

    Great information. It is normal for a business to explore and expand

    Be gone with your Spam says we! An AFB contributor you are not.

    I don’t understand.  Why do you think that is Spam?

    Alice, isn’t it obvious? His name is ‘xoom’er, the motorola xoom? And the link in his signature…

    Great close today.

    NFLX caught me off guard

    I didn’t read the original post so didn’t see the link in his signature.  Thanks for pointing it out to me.