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AAPL Limited upside short term? Apple will have its day at new highs and that's what long term investors need. For those of us that are looking to make short term money, I'd say that it looks like aapl wants to test that 61.8% near 160 before starting a deeper decline. There's still a lot of bears out there evidenced by the options open interest through March so this will take a while if it happens at all. I'm looking for a target between 113-110 and am willing to wait a year for it to hit.
NASDAQ:AAPL
by bitdoctor
bearish on aaple short termwe are still not out of inflation, feds have predicted that this year will turn and we will be at a reasonable point, but we aren't there yet. that causes consumers to be on the savings side rather than buying for now. apple has a huge following, understood, but coming out with higher end phones at higher prices doesn't seem to make the most sense in the situation. people are getting less features for a higher price, with a better camera sure... i know im going to be ridiculed for being a green bubble on their phones but at least for the short term, doesn't seem like they have many "innovative" ideas that aren't already in other phones on the market. this is just my two cents. we're getting into folding screens, Samsung has DeX which allows users to have a desktop environment when plugged into a tv or monitor, or stream it over the air... i will say, the processors that apple have been dishing out have been nothing but extraordinary, and the universal chips through iphone/ipad/macbook make the absolute most sense since they can massively cut down on cost and waste. all while on good silicon and providing very good battery life (as long as software doesnt bog it down) short term... looking down, but i've always respected apple to keep in line with their audience and probably release some good numbers in the quarter coming with the M2 pro chip coming out
NASDAQ:AAPLShort
by kamoda112
4
US equity on a bull run as big tech finds its mojo In recent days we’ve heard bearish equity calls from prominent strategists at Morgan Stanley, JPM and Goldman Sachs all calling for lower levels in equity markets – as with any market call, it’s the logic and rationale that is of most interest, and it’s the idea that the investment bank sales team pitch to their clients. These calls help market players become more aware of the triggers for a move, but what the market does can often be another thing. In reality in trading, price is all that matters. One could say fed funds terminal pricing, which now sits at 5.15% should see risky assets headed lower, but this is far from true. US equity is pushing higher driven by tech and some cyclicality (the S&P500 energy sector closed +3%) and while much of the move of late has been driven by low-quality stocks, we now see big tech showing real leadership again. Jay Powell acknowledged the disinflationary progress we heard in the FOMC statement and suggested fed funds could go higher if the labour market gets tighter – this puts further emphasis on the next NFP report on 11 March. Prior to that though, next week’s US CPI print is the marquee event risk and could greatly affect the bullish flow if we see core CPI above 5.7% (the consensus is for 5.5% YoY) – this would see US bond yields spike all across the curve and long-duration assets smacked hard, as traders go about their business thinking we could get a fed funds rate into 5.5% and above. Of course, the opposite is true if we show further moderation in US core CPI below 5.4% and the equity bulls will add to a growing long position – volatility will fall and active managers will chase the tape. Strength, as we know, often breeds strength. A rally in tech, driven by Microsoft, Apple, and Alphabet, is clearly helping – the space is cranking up and the AI battle ramps up, with MSFT rolling out new versions of its search engines that incorporate ChatGPT. MSFT (+4.2%) looks truly bullish on the daily, having found a platform off the 200-day MA and subsequently broken to new cycle highs. Google (+4.6%) also revealed a rival to ChatGPT, oddly named “Bard” and we watch its Search and AI-focused event in Paris in the session ahead. Cyclicals are working well too, and after a momentary blip look to re-establish a bullish performance relative to defensive areas of the market – a resumption of a move higher in crude and Chinese markets would help. While the street beats a more pessimistic message on stocks, the fact that tech is finding its mojo means long NAS100 / short US30 remains a favoured tactical play and one I’ve been pushing in the ‘Trade Off’ series – when 10% of the Dow Jones index is weighted towards United Health you see how the index typically underperforms here – the joys of price-weighted markets. That said, for those who are less au faux with long/short trading then I look for a close above 4180 (in the US500) suggests a greater probability of testing 4300, where I have no doubt the shorts sellers will be very keen to look at new exposures. The NAS100 needs a break of 12,800 but I am either long or neutral but shorts on any timeframe outside of intraday seem a lower probability for now.
PEPPERSTONE:US500Long
by Pepperstone
Nasdaq's journey post breakout/ rates to look out for 06.02.20232 possible scenarios: 1) Price continues to charge forward post big "falling wedge" pattern breakout up, targeting 15,300 as breakout target (equal distance of wedge width measured from breakout) with 12,800 "rising wedge" resistance broken this scenario will be confirmed. 13,600 is in the way and could be correction back down 12,200-300 once reached, or can charge above to 15,300 straight. 2) Price drops from "rising wedge" resistance at 12,800 and breaks below 12,200 "rising wedge" support, which could target lower to 10,800 which would be retest of "falling wedge" breakout and target of "rising wedge" breakout combined. A lot depends on FED policy and market sentiment, suggestable action would be once "rising wedge" (12,800 to 12,200) breaks down or up, indicating a much more clear direction. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Do your own research and always trade with caution. I am here for any questions or comments, would appreciate any interaction A LOT! -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
WHSELFINVEST:USTECH100CFDLong
by Exactus
🍏 Apple Inc Prepares For 18% BounceWe have the same candlestick pattern we just looked at on the VeChain weekly chart here on Apple Inc. This is a Dragonfly Doji, which becomes a reversal signal when it shows at support. This week starting green supports the previous candlestick. This can signal that the AAPL stock is getting ready to grow. We are targeting 18%. NOTE: This chart setup is invalidated on a move and close below 124, which is the previous week wick low. Namaste.
NASDAQ:AAPLLong
by AlanSantana
2
Amazon AMZN - Manufacturing SupportAmazon is a company I frankly do not like anything about. I feel it's like the North American version of the Chinese Communist Party's Aliexpress and roughly exists to rely on a network of fake reviews to push junk made in the CCP's factories through North America for the purposes of letting the Party keep people employed so they don't rebel and to allow the regime a financial lifeline. I personally make a point of buying elsewhere under all circumstances and have found no reason to use Amazon. The prices aren't even good anymore. However, when it comes to trading, I don't care. I care about price action, because I believe that the price action fractal reflects the combined knowledge of all market participants. If it was a buy and hold kind of market, I would stay away from it, but I think Amazon is actually presenting a major opportunity manufacturing support at the COVID-low double bottom and has produced something you go long on profitably. In early November, I made a strong call on Amazon amid the price action following the Q3 earnings dump that ended up working out for a ~15% gain. AMZN Amazon - Realistic Expectations In Both Doom and Gloom The long opportunity at present is even larger, and is primarily based on the fact that I believe that indexes are set for an 8-10%+ jump before we see the real nightmare of 2023 from a broken global economy unfold before our faces and the happy days never come back. SPX500 / ES / SPY - Enjoy the Party While It Lasts The basis for the idea is simple. Markets at large do not seem to want to go down. Amazon ran its November post-earnings dump low and has consolidated above the 2020 COVID hysteria panic dump low. Additionally, Friday's NFP dump was met with a sharp 5%+ reversal, leading to Amazon closing the week above the $85.88 low. The MMs still have not ran the bottom, which indicates they're long from the COVID low and this point will be saved for future considerations once they're short. The most obvious target for an upside area for the purposes of selling short is the gap at $105, which the previous bounce most notably, conveniently, and only slightly missed. A run to this area already amounts to 25% gain on a time horizon that I would expect is within the period of now to February FOMC. But additionally, AMZN has a breakaway gap in the $120s that it can target, should that $105~ gap fill and Amazon acts like META has and not retrace. However, should a pump not transpire in either Amazon or the indexes in general, the best case scenario for Amazon is $75-65. Should this unfold, it may either take a long time for recovery; It may also never recover. With any long trade, I have to caution readers that the situation in Mainland China under the Communist Party is very severe, as the world's largest and most important nation has been sacked by Wuhan Pneumonia for the last three years. The situation is not getting better, it's getting worse. The amount of people and high ranking Party members who have perished is scary, so much scarier than the little bit that comes out from behind the Great Firewall's censorship system. Should the flames of the pandemic suddenly accelerate one day and cause the fall of key CCP cadres, up to and including Xi Jinping, you should always remember that 6:00 PM Beijing time is right before the NYSE 7:30 open, and thus all long trades are at risk of a significant and unprecedented gap down. *Sighs* ... Human beings tend not to believe anything until they can see it. So long as their prejudices believe something is "not possible," they won't even consider it can happen until it starts unfolding before their very eyes. However, then it's already too late. The problem with Wuhan Pneumonia is the English-language propaganda machines ("media") will not report the truth of the situation in Mainland China and will help the Party cover up the pestilence until the plague is so serious that the Party collapses and nobody can keep a lid on the real disaster befalling the Central Kingdom. When that day comes, it will imperil more than your PnL and the state of your portfolio. It's simply just too critical that before that day comes, you do your part to reject and oppose the Chinese Communist Party and the Marxist-Leninist ideals and systems it has spread throughout the world. For when that day comes, it will be too late for regret. Hope for the future lies in the present. Just your choices in the present. It's a test of your heart and soul.
NASDAQ:AMZNLong
by LordWrymouth
1
🍏 Apple Inc. Resistance, New Products, New Update, Old One BustSo Apple released new computers... Great. They also released a new update for the operating system... Yey! Right after the update, my computer has become useless and I am feeling inspired to buy a new one... Tricky. All updates always work great but this time, the urgent "security update" somehow makes the computer ultra buggy and slow... 🍻😌😉 Anyway, the downtrend has been broken but strong resistance lies ahead in the form of EMA300 and MA200. Looking at past history, these levels always fail as resistance but a peak is reached soon after... Will it be different this time? How is this stock likely to behave in the near future? Ahhh, tough questions. Initially, I would immediately say that a peak is soon to follow and then lower prices but then I am aware that the entire financial market moves as a whole. I am aware of the global-financial situation from multiple perspective and have a well defined picture as to how everything is supposed to move. The problem is that my entire study and research is mainly based on cryptocurrency... The chart signals are saying higher so we say higher until the charts change. There is no point in speculating, we would never buy here, we would only buy early January and at this point we would be just watching how things develop... It is too risky to jump in after the move is already on going but... Trading is trading and there is always risks involved. So, the first support/stop-loss comes at 143. Above this level strongly bullish short-term. Any trading above EMA10 also quite bullish and that's 140. If it goes below EMA10 it would also go below the August downtrend line and so the bullish bias short-term would be lost. Still, on a wider perspective, the bulls remain alive as long as the early January low holds. My guess is that it can continue higher, retraces in-between is just noise, after a new multi-month high a strong correction, this correction ends in a higher low and then it goes back up again at which point we have to look at the chart again. Here we are looking at 4-6 months in the analysis above. I don't know how this information reads... Easy, convoluted, messy, I don't know... But if I had similar information when... Never mind. Thanks a lot for taking the time to read and for your continued support. Namaste.
NASDAQ:AAPLLong
by AlanSantana
1