Trades with cats wrote:I don't get what is happening with Apple right now. To me it has the Tesla disease where lemmings buy because there is news. Going from an innovator to the cop out statement that we aren't the first, but we are the best, well they have always been both so Cook is admitting they have lost the spark. Given the overwhelming response to the I watch and Apple TV at least he is being honest.
But Apple has that strong seasonal pattern where product launch and holiday sales are always the best quarters and clearly Cook plans on testing the loyalty of the fan base with big price increases. But a significant issue is the Dollar versus the Yuan and the Euro, and that, to me, is the real challenge for Apple.
I think that AAPL might start selling off on the day of their event (and possibly take the market down with them).
10 days %
Health is doing better than smalls (actually XBI – not shown here - is the one pushing health)
Miners were quite strong, but they're on a pullback
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Sorry. 15 minute with horizontal volume profiles by day and by week. I drew that big orange box around the zone we have been in for a week. Seems that a break above would be a significant move, but based on what has happened I really doubt it will happen. Still all this base building is creating energy for a move out of the range, we just need some news for a trigger.
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QED, thanks for that from Phil, a nice summary of the situation. Last week a lot of that was pure speculation. It is going to be a wild couple of weeks until the real nature of the situation comes out. FuturesTrader 71 was saying in his morning broadcast that he has seen a bunch of people going long CL and short RBOB and getting handed their heads. Personally I think at this point all you are doing is gambling.
Pasta Boss, it is the seasonal influence. Back to school off to college is always huge and then we have the holiday buying. You know for a fact all those helicopter parents wouldn't dream of sending their trophy child back to school without the latest and greatest.
Trades with cats wrote:Pasta Boss, it is the seasonal influence. Back to school off to college is always huge and then we have the holiday buying. You know for a fact all those helicopter parents wouldn't dream of sending their trophy child back to school without the latest and greatest.
Thanks boss
ELSEWHERE on the same 60min scale, SPY breaks above its downtrend line but needs to SHOW ME THE MONEY and break above this triple top
It’s still on Ladies Choice: Head and Shoulders OR Inverse Head and Shoulders
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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