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Apple - Will next earnings reinforce the selling pressure?After the 242% run-up from its lows during the 2020 crash to its high in January 2022, Apple gave up almost 20% in regard to the current value. In addition to that, the introduction of the new iPhone 14 has not created much hype among consumers and market participants. Since the release of the new product, the price has continued to be choppy and seemingly returning to its 2022 lows. Because of that, we will continue to monitor the Apple stock in the coming weeks and provide a more detailed update on the price and its potential future direction. However, at the moment, we abstain from setting a price target for this stock title. Illustration 1.01 Illustration 1.01 displays the daily chart of Apple stock and two moving averages, 20-day SMA and 50-day SMA. In addition to that, two yellow arrows point to natural retracements toward the price's moving averages, acting as a correction of the downward move. If the price fails to break above the 20-day SMA and then subsequently above the 50-day SMA, then it will add to a bearish consensus. Illustration 1.02 The picture above shows the weekly chart of Apple stock and two simple moving averages; now, 20-week SMA and 50-week SMA. The yellow arrow pinpoints the similar retracement toward (and even above) these SMAs; in this particular example, the retracement represents a strong correction of the downtrend. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:AAPLShort
by Tradersweekly
21
Is #Bitcoin a leading asset?JC Parets is one of the few experts I follow closely. He's been saying that "cryptos are just riskier tech stocks" and I agree. Just look how NASDAQ:IXIC , AMEX:XLK and INDEX:BTCUSD have bevahed for the las 5 years. They are highly correlated, all have bottomed almost in tandem 3 times. But if you look in daily charts you'll see that Bitcoin actually bottoms a little bit earlier. Now look at the tops. See how while the Nasdaq and the Tech ETF keeps going up while BTC diverges. As a riskier asset BTC is sold earlier than stocks, but also is buyed earlier than stocks. At least that is what I see here. Bitcoin and Ethereum haven't made new lows while SP:SPX , NASDAQ:IXIC and DJ:DJA have. As JC Parets recently said, "Is Bitcoin finally going to decouple here, or is this just a temporary bout spurred on by unique conditions?" Lets see what happens.
BITSTAMP:BTCUSD
by dpuleo19
1
Apple in Historically Bullish Pattern for Bullish EOY RallyApple has been getting killed in recent trading days. Thursday going -5% and Friday -3%. In total, just this week Apple has declined roughly ten percent and evaporated roughly $200billion in value. Luckily, the selling is seemingly at its relative lowest as can be seen with the RSI divergence from its 50 day RSI to its 200 day. Shorter Duration RSI moving far ahead of the longer duration implies a very heavy move from the relative averages in recent trading days and suggests that sellers can be over-extended. This also leads us to the VIX which has greatly increased in value this week. Historically when the RSI divergence is to such a great depth with the VIX above thirty, this has led to significant gains in the following months (on average +40% in the following 6months.) From a fundemental perspective: Iphone 14 is sold out everywhere. I can't get my hands on one. BOFA citing weaker consumer demand doesn't respect the cult like nature of apple users. This is a buying opportunity in my book.
NASDAQ:AAPLLong
by zimeaBlue
1
$META - FACEBOOK - FALLING WEDGE - CAPITULATION where to next?Still on track. This chart has been the most requested in DMs for updates. I believe META will continue its growth in the future as the METAVERSE expands and come out as a front runner in 2023. For now we can see the declining selling volume. Clear as day capitulation marked on the charts. We will have it rough on the markets until the end of the year, I view this as huge OPPERTUNITY. NO FEAR! $Meta will reduce its workforce for the first time since 2004 and it slashed the budget for its team salary. Expanding their data center in UTAH. Switched up their marketplace (more profits from ads from car dealers). You can share NFTs on Facebook & Insta. New android Chromium-web view. New tools for creators. I did SLIGHTLY (like barley) pivot the lower trend on the falling wedge - with more data printing daily it was necessary and now the line has been tapped multiple times for confidence. Meta will be one of the top stocks ill be accumulating in my portfolio on the dips. This will be a long term hold for me, I will use options for day and swing trades. If you do choose options please keep in mind to buy extended time (although more pricey) this chop is algorithmically created to burn Theta out of contracts. (Full disclosure) If we do get a OCTOBER pump, not going to lie, I will probably sell out and buy the dip continuously afterwards. NOBODY can predict every top and bottom, this is why the DCA (Dollar Cross Averaging) Method is widely used to ride the waves. GOODLUCK traders!
NASDAQ:META
by ChaldeaCode
1
OH MY $SPY !! Here is my full analysis - Lots to Review!$SPY has me on the edge of my chair here on the weekly and boy is there lots to review.. Let's start with where we left off last time..  The INVERSE HEAD & SHOULDER is still in play, I know, I sound like a broken record, but it's true, not broken, and we closed the daily on the $390 support level to back up this theory. (Green Outline) represents a BROADENING DESCENDING WEDGE (Bullish) which has been respected since the beginning of the year in January. A bounce off $390 will send it upwards to a 3rd tap of the upper trendline and possibly break-through. A break through does not necessarily mean new ATH, OMG we broke through, "new all time highs" .. umm no sir .. this particular pattern could break-out and epically FAIL.. here is why.. (Purple Outline) is highlighting a RISING WEDGE (Overall Bearish) - should we hold the line here, at $390 on the weekly, this pattern will continue upwards to tap the upper trend for a 3rd time (generally followed by a heavy rejection - hence bearish), this compliments the INVERSE HEAD & SHOULDER mentioned above, but technically would end up failing as it nears the neckline aka top channel of the rising wedge.  But let's not lose sight so quickly, we still have to hold the line near $390 tomorrow in order for these patterns to play out without failure. I provided a chart earlier today from my phone of the current falling wedge on spy 15 min - 1 hour time frame so I am hopeful for a run up BUT if we break below -- there are many areas of support and plenty of gaps to fill and trades to be played. GAPS are marked in RED.  Good luck traders!
AMEX:SPY
by ChaldeaCode
8
Market update: megacaps stay down, metals hold up $qqq $slvMega caps make large percentages in the indices now a days. So if mega caps sell off, you better be certain the rest of the market is going with it. this 5% ish drop in nasdaq and tech related stocks places some of the megacap at significant levels. I hope they can hold their support, or else bad things happen. And doesnt it make sense that if inflation theme is sticking around, that the precious metals do their job and keep up with inflation? I mean what a battle between interest rates rising and overall money supply, am i right :D Come one people, silver for example is in the same price range it was 2008 and still is below all time highs from the 70s and 80s. Precious metals havent done anything in a decade. Either precious metals dont work as inflation hedges, or the party is just getting started. Ill have the answer in a decade, cuz thats how long it takes historically to find out, (not a joke). META SLV PLTM AAPL QQQ
NASDAQ:META
by ValuePig
Apple AAPL - Looks Fine on the Outside, but Tastes WeirdAfter last year's massive heat damage to Canada's fruit crops , there were some cherries I bought at the farmer's market from British Columbia that looked totally fine by any reasonable inspection. Whether you squeezed it, touched it, looked at it, smelled it, or cut it open, everything appeared to be fine. But once you bit into it, it had this twisted, sour sort of taste with these fungal notes that was really not particularly pleasant. I've never experienced fruit with a characteristic like that, and made me not buy any this year. Apple AAPL's price action is very much analogous to last year's heat damaged fruit. What was Apple really doing over these last two months of going up in a straight line, and coming so close, yet so far, to making a new all time high? Apparently, it was merely filling the gap left behind from March and April when everything started dumping 20 or 30 percent. Note: the gap box was created based on daily candles, which likewise formed bodies which respected the space. Frankly speaking, this is anything but bullish. An expectation that Apple is going to turn around and break $180 during the next few months is curiously unrealistic and likely to be a leading cause of margin calls and liquidations. Even at prices as low as $152, Apple is still trading at a premium inside of this multi-month dealing range. So, if price action across indexes and markets really gives us the whipsaw effect I expect this week: SPX / ES - Bull Whips and Bear Saws Then Apple may very well give you a chance to fill in that August gap at $162. Many will see this as a buying opportunity, with the number $180 greedily illuminating their eyes. But the real numbers to keep an eye on is $149, and then $141, and then $133. Even if things aren't so bad for the bulls and there is no major market correction, one should really expect to see prices such as the above manifest before any further bull action, considering the fact Apple just went up in a straight line for two months with no challenge whatsoever. All of this means that, when looked at correctly, a revisitation of $162 gives a particularly pleasant short opportunity. And considering that Apple, which just keeps rehashing the same crappy phone with a really nice screen and the same super expensive desktop computer that runs OSX with a really nice monitor, more or less bolsters and drives the Nasdaq, and thereby all the languishing and floundering Big Tech meme stocks, life may not be so pleasant for those who have become fat and comfortable in the old paradigm. I've also forecasted that Tesla TSLA is also a legitimate canary in the coalmine, serving as a harbinger of the doom that lies ahead. Tesla TSLA - The Canary in the Coal Mine And that VIX is legit due to print a 72, just who knows when, exactly? VIX - 9x8 = 72 A question to bulls: why are you getting long on equities at high prices and refusing to sell at a profit when the world is in the shape it is in? Are you simply unwilling to let go of the delusion? Cash is King, and you at least need to hedge. Be careful. Gap downs today may become tomorrow's eternal losses.
NASDAQ:AAPL
by LordWrymouth
1
APPLE vs The Theory of Relativity My charting focus revolves around Elliot Waves with Fibonacci Relationship. We can clearly see a beautiful 5 wave impulse move from the low of 2019. This move should follow by a 3 wave correction of which we already have an ABC, the correction is good in price... but it's lacking in time. Too quick of a move down to correct a 3 year rise. Therefore I would expect another wave down to be in a form of a 5 wave impulse for C coming down to 50MA on monthly average, or in a form of a 3 wave move for a Y. The reason I mention the 50MA on a monthly timeframe (orange line for perspective on this daily chart) is because Apple has a tendency to retrace back to the 50MA every so often and hasn't done so in over 3 1/2, so I retest is coming due. A bounce or reversal in this area will be very likely. This is a bearish count; therefore would be invalidated if the dotted white line is broken to the upside. I lean bearish, supported by the overall outlook of indexes which I can see continue to the downside in months to come. The company can be great and it can make great products, but in the end... we all have to respect Gravity. Not a financial advice. Cheers,
NASDAQ:AAPLShort
by Elliot618
1
$nvda Capitulation? Last line of support! NVIDIA$NVDA is on its last leg of support, if it loses this area we are looking at $115 as the next support level HOWEVER, I'm spotting signals of capitulation as I highlighted in yellow - steep decline with elevated volume. In the past NVIDIA usually bounces after this type of price action and we have now touched the bottom of this descending supportive channel that its respected since last summer. Fear is looming. Are you buying this blood?
NASDAQ:NVDA
by ChaldeaCode
7
$MSFT - potential support in phase 4 $MSFT has been in selloff and it's been frequently discussed these days. If we break current level, there is not much demand down to $220 and $208, which would be about 36-40% down from ATH, respectively. I can see MSFT getting there if overall market is wacky. Chaikin Oscillator with Bollinger bands also generated sell signal on August 8th and since then it's been in an ugly downtrend. This also looks like a phase 4 - downtrend. I'll wait patiently and might start adding to my position around 220. Good old MSFT.
NASDAQ:MSFTShort
by Liathetrader
NASDAQ continues tumble towards targetJust a quick review on the week after Powell's Pow Wow speech that sent markets off a cliff... The weekly NASDAQ futures chart had a rather uncommon gap down that failed a close attempt. The week closed down near the lows as well. MACD turned down and is about to cross under the MACD Signal, and well as into the bear territory. All these happening after a failure of the 55EMA three weeks ago. Taken together, it is not looking good at all, and the technical structure warns badly for the next 7 to 8 weeks. A target area of 11-11.5K is expected, but with such initial momentum, it appears that the NASDAQ is more likely to dip below 10K level within the next 8 weeks. This is observable only form the weekly chart itself! Turning to the daily chart, we can see that the last week had bulls struggling with an early but futile attempt to close the gap. This created top tails by mid-week which indicated more downside probability (as expected), and despite a rally on some good data later in the week, the bearishness overwhelmed into closing on Friday. The technical indicator RPM is showing a strong momentum, and the MACD signal is already in bearish territory. 11750 appears as an immediate support, which is not likely to hold out long, but is likely to offer a breather of the bear charge next week. The gap range formed in the week's opening is now a resistance zone. Overall, there is a strong bearish background, but the week incoming should offer a pause, and some sort of a muted technical bounce. Thus far, the modelling targets the NASDAQ below 10K. Until there is a clear break of this model projection, which might take at least a month to form, the NASDAQ is following the projection; heads up.
CME_MINI:NQ1!
by Auguraltrader
Updated Analysis on Tech (QQQ)This is the daily chart of SQQQ. SQQQ is the ETF that tracks the Nasdaq 100 ETF ( QQQ ) inversely. When tech stocks fall, SQQQ rises. Traders, therefore, use SQQQ to short tech stocks, or to hedge against a collapse in tech prices. There are several bearish signals appearing in the daily chart of SQQQ, which hint that we may soon see bullish movement for QQQ and the Nasdaq. First, there is decreasing volume in the daily chart of SQQQ, which shows that fewer and fewer market participants are opening new short positions against the Nasdaq. This is occurring even while the price of SQQQ continues to move up. This divergence is bearish and is usually the earliest sign that a reversal is coming. Second, there are major gaps up appearing on the daily chart. Gaps to the upside on SQQQ have historically never failed to close back to the downside. Therefore these gaps should be viewed skeptically, as they fail to validate upward price action. Third, the upper limit of the Fibonacci Bollinger Band continues to act as strong resistance, continuing the more than a decade-long trend whereby price cannot sustain itself above this line on any sustained basis. This line has mathematical importance, it reflects a level of price deviation where, after being reached, price begins to show a mean-reverting tendency back to the downside. In this case, SQQQ's mean reversion would be bullish for QQQ and the Nasdaq. There are many other indications that are showing that SQQQ is too overextending, including the extremely over-heated Stochastic Heat Map. The NDTH is also indicating that a very significant bottom is forming for tech and the Nasdaq. In fact, the Nasdaq is so oversold that the current levels have not been seen this the market crash of 2008-2009. Therefore, SQQQ has effectively priced in a significant recession. While a significant recession might indeed be on the horizon, if a significant recession does not ensue, then we can be fairly certain that a major short squeeze for SQQQ will occur: However, the strongest bullish argument for SQQQ (bearish argument for the Nasdaq) is that weekly price broke through the Ichimoku Cloud for the first time ever. The only plus here is that the weekly candle is a spinning top and most oscillators are trending back down. Regardless, with SQQQ being this historically overextended, it can represent a rare opportunity to buy QQQ and tech stocks before a massive short squeeze occurs. While anything can happen, and one should always use stop losses, this chart does not convince me that SQQQ is about to breakout much higher to the upside. Therefore, I remain a holder of tech and growth stocks for the intermediate-term. Not financial advice. Anything can happen and trends can end.
NASDAQ:SQQQ
by SpyMasterTrades
4
SPX SP500 Bottom predictionHere is my prediction of the SP market bottom. How do we get here. well currently the small and medium stocks that were overpriced have been smashed, I'm talking about all specs the poster child of the 2020 run, all speculation stocks lemonade, zoom, peloton and other retail favourites have been killed. Ive always said the market will bottom when the big names finally give way, I'm talking about apple Tesla Nvidia has already started. eventually the market masters want to buy at prices they always want to buy at, cheap. when Tesla finally comes from 100 PE ratio to 40, apple back to 20 nvidias down to 25 that's when the market bottoms. its always the big stocks that hold the market up last and right now we are in that phase. keep your eye on Apple its currently around 158/160. this could easily collapse to 130 again if not lower Tesla down to 180/200. this will be the time to load up for the next 5 -10 years. patience is key here don't fight the fed, trend is your friend and no real reversal is in play imo until demand destruction has happened, recession is here, unemployment comes up to 7/8%, interest rates continue to raise higher causing new mortgages to come to a stand still as people won't be able to afford to buy, housing starts coming down again all of this is definitely possible in my opinion. don't forget loads of other macro events too.
SP:SPXShort
by JamesFlem
3
Bull Signals for Apple StockBased on my calculations, the most distant point at the predictory period shown by the blue line is an ideal time to begin dollar cost averaging into AAPL stock; Based on Fibonacci calculations (with 10 week constraints ), a strong bullish sign is evident within the coming weeks. Now's the time to buy the dip. Apple Inc. (AAPL) is currently in a primary dip period, meaning it is a prime opportunity for the outlooked wealth transfer towards retail investors like us. AAPL has been on a tear since its lows in early 2016, and has more than doubled in price. However, the stock has pulled back in recent months and is now trading around its primary dip period lows. This could be a sign that the wealth is starting to transfer towards retail investors, and now may be a prime opportunity to buy AAPL. Apple is a technology giant and is well-positioned to benefit from the growth of the global technology sector. The company has a strong brand and a loyal customer base, and is well-positioned to continue to grow in the years ahead. Apple is trading at a price-to-earnings ratio of 18, which is a bit higher than the broader market, but the company is expected to grow at a rate of around 10% in the years ahead, which justifies the premium. Overall, Apple is a strong company with a bright future, and now may be a good time to buy the stock. The wealth appears to be transferring towards retail investors, and AAPL is trading at a discount to its fair value. Executing a long position with a minimum of a 6 month time-frame.
NASDAQ:AAPLLong
by trustneil
7
Tesla, Worst case scenario To some this may seem to be the worse case scenario, others it will be a dream come true. Take a look at the 2020 bottom and the major run Tesla had to the top, one could call it epic and yes it was. if you take a fib level from the bottom to the top of the run the 61 fib is within a very particular level. around the 180 level are various support and resistance levels which make it an interesting level for Tesla to come back to during a hard market crash. it'd around 30% drop from current levels but there would be heavy buying in here and I can't imagine Tesla going lower. I think it will get here if the labour market turns bad US currently has 3.5% which is a 50 year low. I see this increasing massively overt the next 6 months. energy will come back with vengeance causing inflation to peak back up again and agree it will remain sticky. the fed will have to do something like drastically increase rates or run the risk of hyper inflation in the US which for me cannot happen so they would rather deal with the induced recession. it will only happen when they have an agenda like mid terms, or china something they can blame the recession on. all this stems form the initial monetary policies pre and whilst covid gripped the world. overall im positive on Tesla and believe they are changing the world and I agree with buying companies that have a positive impact or a major impact on the world. IMO its joined the club of Microsoft, apple, google as one of the greats and will likely beat all of those in terms of market cap eventually. anywhere near 200 ill be buying in big amount. let me know your thoughts
NASDAQ:TSLA
by JamesFlem
5