11/14/2018 Live Update

[BullBear52x]

same page with Cobra, 2nd counter trend setup.

[Cobra]

members only update at 2:30 pm
http://www.cobrasmarketview.com/2018/11 ... ay-update/

[Cobra]

members only update at 2:40 pm
http://www.cobrasmarketview.com/2018/11 ... ay-update/

[Heck]

1st good sign for bulls but generally a revisit is needed. sorry didn't realize it's a downtrend day.

Beside AAPL downtrend from 233.47

C and GS hit new lows today

Maxine Waters says easing banking regulations 'will come to an end' when she takes committee chair

CNN sentiment in Extreme Fear

and

Two ISE ISEE Overvalued Option Indices = UP

[BullBear52x]

1st good sign for bulls but generally a revisit is needed. sorry didn't realize it's a downtrend day.

Beside AAPL downtrend from 233.47

C and GS hit new lows today

Maxine Waters says easing banking regulations 'will come to an end' when she takes committee chair

CNN sentiment in Extreme Fear

and

Two ISE ISEE Overvalued Option Indices = UP

a correction for AAPL is expecting, a long time coming, with this simple chart this is a good time to buy Apple for long term. Weekly setup.

[Trades with cats]

Looks like a buy program to me, especially the way things got shaky at VWAP. I have no confidence the bottom is in. Clearly the positive Brexit news just now had to be positive for the market.

[te_fern]

See if it can break thru previous resistance at 2715....

[BullBear52x]

SPX is now green for the day, Ding ding ding.....

[Cobra]

resistances but this bull may have legs?

[BullBear52x]

I think they will paint a hammer for the daily candle. Peace!

[Trades with cats]

Can't get away from VWAP.

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2018/11 ... ay-update/

[Cobra]

well, guess that's it for today. Thursday tomorrow has been mixed. thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp

[Rezito]

ES 12-18 (2000 Tick) _ ES 12-18 (2000 Tick) 2018_11_14 (1_57_27 PM).png

Looks like a buy program to me, especially the way things got shaky at VWAP. I have no confidence the bottom is in. Clearly the positive Brexit news just now had to be positive for the market.

Agreed...the market seem to want to reach down further regardless of news. Couldn't even hold the counter trend bounce. I want to see capitulation and VIX over 35/40. The first leg down was not violent enough for me to mark a bottom.

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[Rezito]

I didn't see full on panic selling on the previous low before the cat bounce started. I don't believe the Inv HS will develop. Staying short with a target of 2530 at least.

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rez, i see spy 263 for the turn...

That's the low on the candle after the first down leg. It depends how we get there. Maybe a cat bounce at that level. I would reassess at that point. To me this is a cyclical bear withjn a secular bull. So 18-20% correction is expected.

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[K447]

...
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You might want to edit that Tapatalk smartphone signature thing.

[K447]

Update for the 2018 calendar quarter just closed.

Per this article
https://www.ped30.com/2018/11/17/apple- ... ock-price/

Apple bought back 92.5 million shares last quarter. The interesting aspect per Apple’s 10-K is that they bought back roughly equal amounts each month, as if there was no blackout period. Perhaps the buying system is price sensitive and auto-accelerates when the price sags?

Apparently Apple was buying shares of AAPL last quarter at a rate of about 1.5 million shares per trading day. Check my math, of course.

News feeds saying apple is now down 200 billion from the top. How much buyback has Timmy got approval for?

These are different things, no?

Apple has been buying circa 1,500,000 shares per day, if my math and memory are correct. So roughly $8 billion per month ($23.5 billion in the March 2018 quarter), maybe more now since Luca announced a buyback acceleration.
Volume today in AAPL is over 41 million shares, so even two million bought back is dwarfed by the daily flow.

From the most recent earnings call;
"... the [buyback] amount is very, very large and so we will try to execute it, as you've seen from our track record during the last five years, we will do it at a very fast pace. But we also want to do it efficiently. We want to make sure that, you know, we buy back the stock at the right time. ..."
https://www.imore.com/apple-earnings-q2-2018


I could recalculate the daily volume buyback with bigger numbers, but the buyback is not intended to counter herd movement in the stock price.

Buyback works over long time periods to shrink the float. Lower daily prices make for greater float reduction for the same buyback money.