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AAPL Intraday Updates - Archive
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qualitywte
- [ Ignore ]
I agree this seems to be sellers trying to get out in front of “sell the news” on Wednesday. Will these sellers then turn everything around and buy the news tomorrow and Wednesday or do we see the bottom fall out like April and July?
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Yes, it sure does. If we close below Friday’s low of 675.77, it could signal a reversal day (or a bearish engulfing). Support in the 649 area. Yikes!
Coming in here and posting panicky comments every 10 minutes really helps. I get FUD all over the Net, we don’t need panic in here too. Take deep breaths before you post. This board is not a psychologist’s office.
Freaking 2% move, no big deal.
It’s not about the 2% decline. It’s about when and how it occurred. And posting TA is hardly considered a panicky comment.
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“We hang the petty thieves and appoint the great ones to public office.” - Aesop
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Bought another 10 Apr 13 600.
Roth IRA holdings now
30 Apr 13 600
20 Jan 14 630
78K cashHave 295 common in other accounts
I agree with JD - buy the dips
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Striving to exceed the needs of the future.
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Daily MACD-h crossed down. Short-term downtrend confirmed.
Until proven otherwise, the short-term trend is DOWN. Could have an oversold bounce, but it should be viewed as countertrend at this point.
Thanks iPad.
For this observation are you looking at a 30 day 4 hour chart?
Thank you very much.
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anthonytsai
- [ Ignore ]
“Domestic Mac NPD units for the September quarter are tracking down 7% y/y”
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Will we hold 660?
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Full Disclosure:
- Long Apple
- Pro: Apple HDTV, iPhone Air, Stock split, Consumer robotics -
Blah. I’ll live.
In risk mitigation mode for the time being. I have to go looking for support levels again.
On the bright side, the AFB is FULL of comments when VXAFB spikes.
Carry on, Adam and Dave!
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The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
Will we hold 660?
Depends. Are you just sounding panicky, asking an honest question, asking about today, asking about the next couple of days?
Your question is too vague.
Holding 660 today, I think you should know the probabilities if you’ve been following AAPL enough.
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The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
A pullback here does not surprise me. In the 6 weeks since 7/24/12 AAPL has risen from $570 to $683.29. Thats $113.29 up in approximately 30 trading days, a move of 20% on the dot. And, it was pretty much straight up. Some consolidation is good.
iPad - is there any TA significance to an exact 20% move?
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Looking on the bright side - NEW INTRADAY ATH TODAY!!!
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Full Disclosure:
- Long Apple
- Pro: Apple HDTV, iPhone Air, Stock split, Consumer robotics -
Bought 10 APR13 650 Calls near LOD. Just missed getting them for $70, paid an extra $0.25 ($70.25). Still have dry powder.
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Will we hold 660?
Depends. Are you just sounding panicky, asking an honest question, asking about today, asking about the next couple of days?
Your question is too vague.
Holding 660 today, I think you should know the probabilities if you’ve been following AAPL enough.
Sorry, yes was just talking about today.
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Full Disclosure:
- Long Apple
- Pro: Apple HDTV, iPhone Air, Stock split, Consumer robotics -
I sold some of my Dec 700 calls before the US markets opened. Boy was I lucky. Nevertheless, am still 50% invested in AAPL, LEAPS, and Dec 700 calls.
Will watch how the action continues into Wednesday and might buy in again. But not yet.
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“Anyone who has never made a mistake has never tried anything new.” Albert Einstein
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Looking on the bright side - NEW INTRADAY ATH TODAY!!!
New intraday ATH means little until we get to around 680 again.
And the chart was pretty clear that unless some really sharp selling happened, AAPL would not break 660 today.
Anyway, I’m at 50% cash for the moment. Can’t decide on market direction. Need more data, personally, hence the staying in cash for now.
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The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
Burgess, thanks for the happy thought!
We crashed through the Moving Average 13 Day at 665.98 but we’re still above the MA 20 at 660.52. So we still have some support below us. The next key Moving Average after that is the MA 50 at (yikes) 627, which just happens to sit on the bottom of the lower Bollinger Band.
We always know a sell off can happen at any moment and then we’re shocked when it does.
