AAPL Intraday Updates (Archive)

  • Posted: 02 December 2011 12:09 PM #451

    lovemyipad - 02 December 2011 12:25 PM

    I try to avoid swing trades in the middle of a channel—no buying or selling.  We have gaps above and below us.  It remains to be seen which are filed first.

    Where are the gaps below?  The high and low end of the gaps.  Thanks.

         
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    Posted: 02 December 2011 12:14 PM #452

    It appears that 393.63 is the high of the week.

    I think we will flat line next week and then see low 380’s again before we climb back up and see $400 by Christmas.

    It should be noted that we moved 8% in one week or 30 points.  This once again confirms that things can turn around very quickly after a slow 5 week leak to the bottom from 426 to 363.

    It is very challenging to predict these huge moves in both directions.

         
  • Posted: 02 December 2011 12:43 PM #453

    omacvi - 02 December 2011 04:14 PM

    It appears that 393.63 is the high of the week.

    I think we will flat line next week and then see low 380’s again before we climb back up and see $400 by Christmas.

    It should be noted that we moved 8% in one week or 30 points.  This once again confirms that things can turn around very quickly after a slow 5 week leak to the bottom from 426 to 363.

    It is very challenging to predict these huge moves in both directions.

    Typically, AAPL peaks about a week to 10 days before January earnings.  If earnings occurs on the 24th (I think there’s a good chance it will happen on the 17th), then AAPL’s peak will occur between the 13th and 17th.

    I am confident that AAPL will hit $470 pre-earnings.  If $470 is the culmination of a 5% run from the end of December, then AAPL will trade at $445 before the end of this month.  There isn’t enough time for AAPL to go up $50 for it to go flat next week.

    The easy money from $363 to $393 is behind us.  I expect AAPL to continue to go up, just not as fast as this week has gone.

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    Posted: 02 December 2011 01:01 PM #454

    omacvi - 02 December 2011 03:27 PM

    Good Morning Boys and Girls

    Another great green day.  What more can we say.  Now we wonder when we will hit 400.

    Hey, you jinxed it :devil:.  AAPL went higher than I expected, thought consolidation would begin on the open hence prediction that it would close around $380-$385, it went up to $393.63 before doing so.  As far as I’m concerned, this is a 123 sequence of an impulse, in wave four, so long retracement is not below $378.83 (CYA statement). Expect retracement not lower than $385, most probably $388.

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    Posted: 02 December 2011 01:07 PM #455

    Mace - 02 December 2011 05:01 PM
    omacvi - 02 December 2011 03:27 PM

    Good Morning Boys and Girls

    Another great green day.  What more can we say.  Now we wonder when we will hit 400.

    Hey, you jinxed it :devil:.  AAPL went higher than I expected, thought consolidation would begin on the open hence prediction that it would close around $380-$385, it went up to $393.63 before doing so.  As far as I’m concerned, this is a 123 sequence of an impulse, in wave four, so long retracement is not below $378.83 (CYA statement). Expect retracement not lower than $385, most probably $388.

    HOpe that comes true and I will buy some next week.  Then I can feel good for buying under $390. grin  My last buy of the year.

    We were supposed to be at $465 by end of the year, but Gregg thinks we can see that a month later.  I hope is correct as well.

         
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    Posted: 02 December 2011 01:35 PM #456

    Unique - 02 December 2011 05:22 PM
    omacvi - 02 December 2011 04:14 PM

    It appears that 393.63 is the high of the week.

    I think we will flat line next week and then see low 380’s again before we climb back up and see $400 by Christmas.

    It should be noted that we moved 8% in one week or 30 points.  This once again confirms that things can turn around very quickly after a slow 5 week leak to the bottom from 426 to 363.

    It is very challenging to predict these huge moves in both directions.

    Not entirely correct Sponge.
    Even AZ had the ability to give the 365-366 target predicted ahead of real action. In other words, everybody and their mom saw this coming. Your gut feelings each morning change wildly everyday. Amusing at times in a good way.

    And I agree with Mace, use options so you can buy at a later time when you don’t have the cash at the heat of the moment. Just sayin..

    I don’t want to argue with you.  But there is no way you could have predicted that on Nov 14 when aapl was 383 that it would close at 363 on Friday Nov 25 and then by the following Friday Dec 2 we would see 393.  YOu can predict trends but no one really knows how fast they will move or where they will stop.  So yes my gut feeling changes everyday but so does aapl. :-D

         
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    Posted: 02 December 2011 01:44 PM #457

    Surveying the landscape again.  Designated AAPL trades were sold, awaiting the next dip to buy in again.  If there’s no dip, no worries, those were designated quick trades and I’m happy to let ‘em go in the green.

    Still workin’ at it.  It’s tough being a mere mortal.

    Looking at AMZN and BKS for possible bear put spreads, or just plain puts for BKS.

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    Posted: 02 December 2011 01:45 PM #458

    Unique - 02 December 2011 05:18 PM

    Game plan working.

    Your game plan is always working but I don’t know what is it :-?  I’m now following lovemyipad, trade/hedge* SPY options and UPRO/SPXU, don’t want to do AAPL options (messed up my mind with call replacement).  Should I buy SPY calls or puts now?  Bot and sold SPY put for 30% profit already (puny, just practicing), now a little unclear should I wait or buy SPY call/put.  Your view?

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    Posted: 02 December 2011 01:56 PM #459

    Unique - 02 December 2011 05:49 PM

    I don’t give financial advice, just opinions that you could take and think about and examine the outcomes..etc

    That’s unfair, you don’t advise me but ridicule me whenever I make mistake :cry:.

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    Posted: 02 December 2011 01:59 PM #460

         
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    Posted: 02 December 2011 02:00 PM #461

    Unique - 02 December 2011 05:44 PM

    Even Andy told the world with his 365-366 prediction.

    AZ is very shrewd, always releases his bullish article when AAPL hits 200-day SMA/52-week EMA, chance of a wrong bullish call is small.

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    Posted: 02 December 2011 02:28 PM #462

    Mace - 02 December 2011 06:00 PM
    Unique - 02 December 2011 05:44 PM

    Even Andy told the world with his 365-366 prediction.

    AZ is very shrewd, always releases his bullish article when AAPL hits 200-day SMA/52-week EMA, chance of a wrong bullish call is small.

    Do you read Cobra’s blog? Cobra and Unique are often on the same page, seeing many of the same things. They both even claim “evil plans,” which must be a TA thing.

    http://www.cobrasmarketview.com/

    I understand a mere fraction of the stuff they talk about, but it’s fun to follow.

         
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    Posted: 02 December 2011 02:52 PM #463

    Prazan - 02 December 2011 06:28 PM

    http://www.cobrasmarketview.com/

    I understand a mere fraction of the stuff they talk about, but it’s fun to follow.

    Thank.

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    Posted: 02 December 2011 03:43 PM #464

    SPX at 1248.60 up 0.31%. The 200-day moving average at 1268 untouched as bids got rejected at 1260.08 (resistance 1260-70). Struggling with the downtrendline from Summer marked at 1250 today. Hope to close over it.

    FXE at $133.47 down -0.48%. Euro at $1.3405 (resistance 1.34) down -0.38%. Even with the FXE reversing indexes still showing gains. A bit of decoupling from Europe for a change?

    AAPL at $390.58 up 0.67%. Volume at 9.8 million shares traded, a bit on the light side, but expected for Friday/December. Seasonality favorable, however big macro events next week.

         
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    Posted: 02 December 2011 03:59 PM #465

    :wink: Hey Brazilnuts…..Iphone 4s in Brazil (and Russia) on December 16.. 

    http://www.macrumors.com/2011/12/02/december-16th-iphone-4s-launches-to-include-russia-and-brazil/

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