OK, everyone loves trading AAPL, it's better than in the past, everyone just loved buying AAPL.
NEVER FALL IN LOVE WITH A STOCK, they'll only break your heart.
Here's the AAPL update because I know many of you are thinking "Oversold/Dead cat bounce"
Here are the probabilities....
Longer term I always expected AAPL to make a sharp move down, probably to a new low for this leg down and then see a bigger/longer move up. This 60 min chart overall is bearish for AAPL's future, but it does show a long term relative positive divergence at the November lows and a leading positive afterward.
The 30 min chart shows the same thing, AAPL falling from $700 and a positive divergence in to the mid November lows with a leading positive divergence after that.
This is the rally from the mid-November lows on a 15 min chart, this says closer term we are going to see AAPL fall from these bounce highs, this is what I expected, there are some initial small positive divergences at AAPL's recent lows from this leg down suggesting a small bounce, THIS IS NOT THE MOVE I EXPECT THAT IS SHOWN ON THE 30/60 MIN CHARTS, I think AAPL will see more downside before that move develops.
10 min chart shows accumulation at the lows and a bounce from there, that was all used up, but we have another leading positive divergence now, it should be able to take AAPL a bit higher, but I don't consider this a high probability trade, you can probably make it work, but you need to be on the ball.
3 min leading positive in the same are.
And the 2 min as well.
I can't give you any idea of price targets, I can keep an eye on flow and let you know when there's heavier distribution signaling a change to the downside.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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