Can you be profitable using the simple “Fade the Gap” strategy in Apple Inc (AAPL)? Let’s find out. To recap, a gap is defined as an overnight price move greater than $0.25, in which case the trade is to ‘fade’ the gap and trade against it and exit when price reaches yesterday’s close. The stats…
With one hour left until the close, Apple Inc (AAPL) is down 4.5% for the day and just over 7% for the week. Let’s look at the chart to see if we can get any clues to where the selling might stop. First, the intraday 5-minute chart to see what is going on with the…
I thought it would be benficial to share two perspectives on the recent news and stock market price action in Apple Inc (AAPL) and what it might mean for the future. First, Jim Goldman at CNBC Tech Check in his article “Apple: The Day After” writes the following: “Investors can be a quirky bunch, especially…
Apple Inc (AAPL) announced today that it will begin selling improved iPhones at reduced prices, which would seem like wonderful news for the stock, but the prices were wildly volatile, erratic, and closed 2% lower for the day. Why? Let’s take a look. According to the AP Article “Apple Unveils faster iPhone – Chops Price”…
Apple, Inc (AAPL), which has been on yet another amazing price run for 2008, recently retraced to its sharply rising 20 day moving average, which sets up a potential low-risk entry for traders. Let’s see this zone: The last time Apple retraced to support was near April 14th, which set up a ‘confluence of support’…
Apple’s new store in Boston, MA was opened to the public Thursday evening and I must say I was amazed at the beauty and aesthetic appeal of the storefront. I wanted to share a couple of pictures: (Courtesy Apple Insider) (Courtesy Apple.com) They’re building a new Apple store in my hometown of Huntsville, AL which…
Apple Inc (AAPL) suffered just as other stocks yesterday, and fell victim to the ‘end-of-day’ plunge Wednesday. Although it’s virtually impossible to know how far a price move will go or how quickly it will occur, Apple signaled a momentum divergence that could have clued you in that the risk (short term) increased for intraday…
Apple Inc (AAPL) showed some interesting patterns today on its intraday chart – I thought you might like to take a closer look. The day started with an overnight gap down that didn’t fill, although price achieved a 50% retracement. Gaps that fail to fill can lead to larger trend moves in the original direction…
Apple Inc (AAPL) continued its winning streak into May after rising from $120 in March to $180 in May. It’s rare when we see a stock carve out the pattern Apple has, and so we need to look at this pattern to learn from it now. After plunging almost 50% in early 2008, price built…
I wanted to highlight a few key technology stocks that are bumping up against overhead resistance, whether via the 200 day moving average or prior price levels. Let’s start with everyone’s favorite: Apple, Inc ( AAPL ): AAPL is actually trapped between two levels of prior support/resistance, and should have massive support about the $145…