yep mLa127 - the monthly chart has been giving warning signs for
AAPL
First off there's some support here, but if lost strongly, the
next major demand zone is 123 - low 140's. Also watch the trendline
on the 14 RSI as a support/trigger
Next because AAPL has had such a big percentage move over the
years, in order to be able to draw an uptrend line, a logarithmic
chart is required, see the second image of the monthly Log chart -
note how on the log chart you can draw an uptrend line from the
2009 lows, that trendline comes in around the mid 140's.
Note how you cannot draw the same trendline on the linear
chart-
this is a good example of when Log charts are useful- most
of the time it doesn't matter if you are looking at daily charts
but when you zoom out enough years the percentage moves gets too
large that you need a log chart to draw proper trendlines
I still get the question every once in a while about linear vs
log charts, this is good example of that
anyway quite a few of these 12 systems are triggering or may
trigger a long
AMZN, AAPL, and GOOGL (note that GOOGL just closed out a nice
trade recently from that system.
on ETF's EEM has a signal
I won't be able to confirm these for maybe 10 or 15 min after
the close, assuming that some of these don't fully close until 15
min after the close, kind of like SPY options
true and people addicted to Tiktok, but iphone, I ike their
hardware, I just hate all the petty crap to keep you in that
ecosystem, even peer pressure
my daughter has my old folding phone an Android, and her friends
give her shit all the time because of the green bubble thing AAPL
shows for text messages, - it's like you are not part of the group,
peer pressure to get an iphone to fit in - the kids do AAPL's work
for them. At least my daughter is like me too independent to get
pushed into an iphone just because her friends say something. Heck
my brothers, do that with me too - they are all iphone, Matt when
are you going to get an iphone? LOL because you guys said that, now
I'm even less likely too LOL
LOL really what a dumb comment from this guy on CNBC TV just now
- said he always loves AAPL, he said because if you ask the average
person I'm going to either take away your finger or your iphone,
most would choose amputating the finger over losing their iphone,
yeah right. at least let's hope that's not true, but wouldn't
put it past some of the stupid public.
Table of Contents: 1. Opening Discussion, KISS systems
major update soon 2. General Market Analysis: SPX and
Other Major Indices top down fashion higher to lower time frames)
and look at the major big cap tech stocks (NVDA, AAPL etc) 3. Custom Indicators/Systems (VIX,
NYAD) and Bonds (TLT/HYG), 10-Year Yield 4. Sectors Overview 5. US Dollar, Commodities, Crypto,
Precious Metals and GDX and individual mining stocks 6. Trade Ideas
Market Comments: The 'bulls' continue to have the
Football, and have had it since late October, which has made this
uptrend quite impressive getting close to 5 months now. Early last
week we pointed out
very obvious coil triangle patternson the S&P 500
and favored this as a 4th wave with another pop to the upside,
which we got thus pushing the S&P 500 to close over 5200 new
all time highs! For the week the SPX gained +2.3%, the Dow Jones
+2%, the Nasdaq +3%, and the Russell 2000 +1.6%.
Short-term: After the pop out of the coil into Thursday's
high and pullback that extended into Friday, for now we are
favoring this as another 4th wave of some degree with yet another
pop to the upside. That said, it's getting trickier now and late in
the game (may not be much blood left in the turnup should we get
another pop to a new high). If the pullback on the SPX falls below
5175 it would overlap and negate the short-term wave 5 structure.
The 20-day MA is your important support.
- The largest pullback during this
entire uptrend was about 130 points on the S&P 500, meaning a
pullback below 5130 would be required to break uptrend symmetry.
- For the QQQ, the largest pullback has been 17.6 points
- IWM appears to be some sort of rising wedge pattern wave 5
-
Curious spike on the CPI Put/Call ratio to 1.29on Friday
despite the market being almost at all time highs
- The US Dollar had a strong week
gaining 1.1%
- Gold spiked to a high of 2225 before pulling back and
closing at 2160. The daily chart of gold made a divergent high on
that last push
- Bitcoin formed a weekly doji candle last week and last week
lost -4.4%
- Energy Stocks once again had a great week but may be
getting extended here
Economic News This week: New Home Sales - Monday
FHFA Housing Price, S&P Case Shiller, Consumer Confidence
- Tuesday
MBA Mortgage Apps, Crude Inventories - Wednesday
Initial Claims, GDP 3rd Est, Chicago
PMI, Pending Home Sales, Nat Gas Inventories - Thursday
AAPL after hrs
Posted by matt on 2nd of May 2024 at 05:14 pm
AAPL - Chart Link- interesting price is trading right around the 61.8% Fib are in after hrs
AAPL monthly
Posted by matt on 19th of Apr 2024 at 10:03 am
AAPL - Chart Link I'm taking off, see you guys in about 4 hrs
thank you! was a good
AAPL Monthly ...
Posted by matt on 17th of Apr 2024 at 03:00 pm
thank you! was a good opportunity to address log vs linear education since AAPL monthly was being discussed
yep mLa127 - the monthly
AAPL Monthly ...
Posted by matt on 17th of Apr 2024 at 02:42 pm
yep mLa127 - the monthly chart has been giving warning signs for AAPL
First off there's some support here, but if lost strongly, the next major demand zone is 123 - low 140's. Also watch the trendline on the 14 RSI as a support/trigger
Next because AAPL has had such a big percentage move over the years, in order to be able to draw an uptrend line, a logarithmic chart is required, see the second image of the monthly Log chart - note how on the log chart you can draw an uptrend line from the 2009 lows, that trendline comes in around the mid 140's.
Note how you cannot draw the same trendline on the linear chart- this is a good example of when Log charts are useful- most of the time it doesn't matter if you are looking at daily charts but when you zoom out enough years the percentage moves gets too large that you need a log chart to draw proper trendlines
I still get the question every once in a while about linear vs log charts, this is good example of that
AAPL still did well today despite the market
Posted by matt on 12th of Apr 2024 at 04:05 pm
AAPL - Chart Link
the high performance AAPL system triggered yesterday, which I commented on yesterday
AAPL still followed through despite the market
Posted by matt on 12th of Apr 2024 at 10:20 am
AAPL - Chart Link
AAPL - Chart Link still up 1% today
AAPL high perf KISS also
AAPL in a timing window for possible low but needs ...
Posted by matt on 11th of Apr 2024 at 03:25 pm
AAPL high perf KISS also went long
all the volatility systems that
Volatility Bollinger Band systems
Posted by matt on 8th of Apr 2024 at 04:23 pm
all the volatility systems that triggered on Friday (EEM. AMZN, GOOGL, AAPL) closed out for a 1 day winner except for AAPL
I posted this on Friday, I bought those in after hrs on Friday, obviously not a big trade but still winners. AAPL down though
out of the volatility systems
Volatility Bollinger Band systems
Posted by matt on 8th of Apr 2024 at 11:39 am
out of the volatility systems that went long on Friday at this moment all are looking to close out
EEM, AMZN, GOOGL, AAPL still holding
out of the volatility systems,
Volatility Bollinger Band systems
Posted by matt on 5th of Apr 2024 at 04:28 pm
out of the volatility systems, AMZN, AAPL, GOOGL, and EEM triggered long
Volatility Bollinger Band systems
Posted by matt on 5th of Apr 2024 at 03:39 pm
Same concept as the VIX BB system.
anyway quite a few of these 12 systems are triggering or may trigger a long
AMZN, AAPL, and GOOGL (note that GOOGL just closed out a nice trade recently from that system.
on ETF's EEM has a signal
I won't be able to confirm these for maybe 10 or 15 min after the close, assuming that some of these don't fully close until 15 min after the close, kind of like SPY options
AAPL / crapple
Posted by matt on 3rd of Apr 2024 at 12:20 pm
AAPL - Chart Link for now bouncing off the demand zone
AAPL - Chart Link daily
AAPL - Chart Link monthly, also the 20 month MA
FANG stocks
Posted by matt on 1st of Apr 2024 at 10:13 am
META - Chart Link- bounced off the coil trendline
AMZN - Chart Link-
NVDA - Chart Link- 20 MA is key
GOOGL - Chart Link- big up day
AAPL - Chart Link- down of course
true and people addicted to
dumb comment on CNBC
Posted by matt on 26th of Mar 2024 at 04:01 pm
true and people addicted to Tiktok, but iphone, I ike their hardware, I just hate all the petty crap to keep you in that ecosystem, even peer pressure
my daughter has my old folding phone an Android, and her friends give her shit all the time because of the green bubble thing AAPL shows for text messages, - it's like you are not part of the group, peer pressure to get an iphone to fit in - the kids do AAPL's work for them. At least my daughter is like me too independent to get pushed into an iphone just because her friends say something. Heck my brothers, do that with me too - they are all iphone, Matt when are you going to get an iphone? LOL because you guys said that, now I'm even less likely too LOL
dumb comment on CNBC
Posted by matt on 26th of Mar 2024 at 03:42 pm
LOL really what a dumb comment from this guy on CNBC TV just now - said he always loves AAPL, he said because if you ask the average person I'm going to either take away your finger or your iphone, most would choose amputating the finger over losing their iphone, yeah right. at least let's hope that's not true, but wouldn't put it past some of the stupid public.
weekend writeup - newsletter out shortly
Posted by matt on 24th of Mar 2024 at 02:14 pm
Table of Contents:
1. Opening Discussion, KISS systems major update soon
2. General Market Analysis: SPX and Other Major Indices top down fashion higher to lower time frames) and look at the major big cap tech stocks (NVDA, AAPL etc)
3. Custom Indicators/Systems (VIX, NYAD) and Bonds (TLT/HYG), 10-Year Yield
4. Sectors Overview
5. US Dollar, Commodities, Crypto, Precious Metals and GDX and individual mining stocks
6. Trade Ideas
Market Comments: The 'bulls' continue to have the Football, and have had it since late October, which has made this uptrend quite impressive getting close to 5 months now. Early last week we pointed out very obvious coil triangle patternson the S&P 500 and favored this as a 4th wave with another pop to the upside, which we got thus pushing the S&P 500 to close over 5200 new all time highs! For the week the SPX gained +2.3%, the Dow Jones +2%, the Nasdaq +3%, and the Russell 2000 +1.6%.
Short-term: After the pop out of the coil into Thursday's high and pullback that extended into Friday, for now we are favoring this as another 4th wave of some degree with yet another pop to the upside. That said, it's getting trickier now and late in the game (may not be much blood left in the turnup should we get another pop to a new high). If the pullback on the SPX falls below 5175 it would overlap and negate the short-term wave 5 structure. The 20-day MA is your important support.
- The largest pullback during this entire uptrend was about 130 points on the S&P 500, meaning a pullback below 5130 would be required to break uptrend symmetry.
- For the QQQ, the largest pullback has been 17.6 points
- IWM appears to be some sort of rising wedge pattern wave 5
- Curious spike on the CPI Put/Call ratio to 1.29on Friday despite the market being almost at all time highs
- The US Dollar had a strong week gaining 1.1%
- Gold spiked to a high of 2225 before pulling back and closing at 2160. The daily chart of gold made a divergent high on that last push
- Bitcoin formed a weekly doji candle last week and last week lost -4.4%
- Energy Stocks once again had a great week but may be getting extended here
Economic News This week:
New Home Sales - Monday
FHFA Housing Price, S&P Case Shiller, Consumer Confidence - Tuesday
MBA Mortgage Apps, Crude Inventories - Wednesday
Initial Claims, GDP 3rd Est, Chicago PMI, Pending Home Sales, Nat Gas Inventories - Thursday
double top for AAPL? what
$AAPL Double top or pop
Posted by matt on 19th of Mar 2024 at 10:06 am
double top for AAPL? what time frame? can you post a chart?
AAPl good follow through but off the highs
Posted by matt on 12th of Mar 2024 at 11:50 am
AAP - Chart Link- potential longer term swing from that entry a few weeks back if you were willing to give it some room
the AAPL volatility system is
Volatility systems
Posted by matt on 11th of Mar 2024 at 10:19 am
the AAPL volatility system is looking to exit today, trade is profitable from last week's entry
AAPL and volatiilty system
Posted by matt on 8th of Mar 2024 at 01:11 pm
AAPL - Chart Link- system went long yesterday, doesn't look like it's exciting yet, that may change later I'll let you know