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Weekend Updates
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Slightly green on the Nikkei over 9100, at 6:15 a.m. Tokyo time. Its been a while since we’ve seen 9100. The general trading range for the Nikkei has been 8300-10300.
Wait…Nikkei futures, right?
The market “euphoria” makes me a bit nervous…but short-term, I’m respecting the trend.
Pretty comfortable with the Apr 13 BCS I have, looking at setting up Jan 14 core trades before long (NOT those 790/800s…thankfully, I’ve been able to get rid of all those).
[ Edited: 19 August 2012 06:22 PM by Mav ]Signature
The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
Two things: Great movie; stock splits don’t change PE/ISMs, or make stupid people smarter.
Agreed, great movie.
And my premise was that, since people are dumb, PEs/ISM’s don’t matter (unless ISM is an acronym for “Incredibly Stupid Morons”). Rather, IMO, most people - including a lot of “experts” - look at absolute share price. How else can you justify GOOG’s PE being twice Apple’s, when Apple makes in a quarter what Google makes in a year? And don’t even get me started on an AMZN or PCLN.
Ergo, it would be easier to go from 65 to 95 than 650 to 950 in a world of dumb bunnies. “Dur-hur, 95 just doesn’t seem expensive.”
Never impute your knowledge onto a world full of dumb bunnies.
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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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Confirms?
I didn’t see a confirmation. I saw something very close to one.
But as far as trend, nothing suggests AAPL is tapering off anytime soon. I wanted to see if AAPL would break 647 in the final minutes. It did and the volume seemed to be there.
I can confirm the uptrend. My stock account is at all time high. It’s 95% AAPL. AAPL is going up. No chart needed.
Nicely done! And with AAPL at an ATH, you are not alone. Congrats to all the longs!
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The only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. — Steve Jobs
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Why so much attention focused on the Nikkei? Has the financial universe tilted to Japan without my notice?
It’s one data point and a relatively tame one at that.
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At this hour, its one of the only two data points open. China futures (Hang Seng) is not open yet.
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Why so much attention over Cl4 looking at a single available data point?
Actually, Nikkei futures don’t seem to be trading yet per Bloomberg. But US index futures are. They’re cautiously green at the open.
Signature
The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
(...)
I do get nervous when analysts pile on with their AAPL upgrades AFTER a nice run, but IMHO, unless this is a bull trap, as of this moment, with only the CURRENT data, which of course can change with any new data: the weekly chart confirms that our four-month intermediate-term consolidation phase officially ENDED on Friday, and a new range expansion phase has started. It should have a higher high and a higher low. Any guesses as to those high-low levels are just that: guesses. The important takeaway for the intermediate-term: upwave in an uptrend. Any short-term downwave or pullback is counter-trend until proven otherwise.Follow-up, CORRECTION:
Weekly MACD-h is NOT yet confirmed. It’s a smidge away. A little more “up,” and/or not a whole lot of “down” would do it…
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adamthompson32
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Confirms?
I didn’t see a confirmation. I saw something very close to one.
But as far as trend, nothing suggests AAPL is tapering off anytime soon. I wanted to see if AAPL would break 647 in the final minutes. It did and the volume seemed to be there.
I can confirm the uptrend. My stock account is at all time high. It’s 95% AAPL. AAPL is going up. No chart needed.
I hereby put AT on ignore!
Aw crap.
I’m going to complain to a moderator like so many others here. Ha!
But seriously, this uptrend is fairly obvious, no?
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tradervic21
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I see a 660 touch tomorrow.
Question is, whether it remains a touch or stays a hold.
I’ll say a touch and a 655 close.
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Pfft, AT, ANYONE could see the uptrend with Friday’s power chart.
Does it continue near-term is the $64,000 or so question for traders or those with tactical trades. (We know, we know, you don’t have to keep saying it.)
Signature
The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
Why so much attention over Cl4 looking at a single available data point?
Actually, Nikkei futures don’t seem to be trading yet per Bloomberg. But US index futures are. They’re cautiously green at the open.
I use the clock on this page’s proper line, but have I been wrong all this time ? If the clock changes, I thought trading was active.
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i’m with IB, they don’t auto-close out your spreads, at least that’s what they told me when i asked. and they only give you 10 minutes after market open the next day to do whatever you have to do (e.g. exercise your long calls). after that, they reserve the right to liquidate positions (one hopes they would realize to exercise the previously paired long calls, but there’s no guarantee).
Thanks, Kloot.
It seems I need to get up early whenever there is a dividend.
