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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

It's one of the easiest fundamental shorts on the board....but it has been for years now. I have made money short on it, but it's always tough with a cult stock like this. But there aren't a lot of more obvious shorts, so I have done it anyway at times (like tomorrow if this pop holds).

Maybe get Siri to work first if you want to say you're going big in AI??

This screen provided some great

Posted by DigiNomad on 2nd of May 2024 at 04:54 pm

This screen provided some great trades today (my favorite factor is PEG).

Check out META in AH hours though - someone just pulled the plug?

Apple beat by less than

Posted by DigiNomad on 2nd of May 2024 at 04:34 pm

Apple beat by less than 1%...if I'm reading it right. Lol. It's pretty amazing they can get that close. Seems like a rounding error.

Confirmed. The beats on bottom and top line were by about the thinnest margins possible. It's like US unemployment numbers reported this morning....when they come in right on target time after time after time you kinda start scratching your head.

Announced massive $110 billion stock

Posted by EdZ on 2nd of May 2024 at 04:54 pm

Announced massive $110 billion stock buyback program.

That just means they have

Posted by DigiNomad on 2nd of May 2024 at 04:55 pm

That just means they have no good uses for cash to increase future growth. Not exactly a great sign.

That is one way to engineer EPS growth though....buy down the denominator. Makes more sense when interest rates on cash are near 0%. With rates around 5%, it's a questionable strategy.

Ha! Karen Finerman agrees with

Posted by DigiNomad on 2nd of May 2024 at 05:06 pm

Ha! Karen Finerman agrees with me that the buyback makes no sense and is not accretive in a 5% world.

Of course CNBC is screaming

Posted by DigiNomad on 2nd of May 2024 at 05:05 pm

Of course CNBC is screaming APPLE BEAT! But wow, overall Iphone sales down 10.5%! (what they say outloud is that sales are up in China).

I hope it stays elevated until the open tomorrow. I'm going to buy some puts (if it holds).

STM

Posted by EdZ on 2nd of May 2024 at 04:24 pm

STM

An old fave of mine,

Posted by shellson2 on 2nd of May 2024 at 04:33 pm

An old fave of mine, thx for posting

Just found it on a

Posted by EdZ on 2nd of May 2024 at 04:59 pm

Just found it on a BP MACD Kiss Scan.

My old company. That is,

Posted by mastermind on 2nd of May 2024 at 04:49 pm

My old company. That is, they bought my old company and I stayed on for about a year after.

I like how you put

Posted by DigiNomad on 2nd of May 2024 at 04:30 pm

I like how you put BB's on your RSI. Kinda does the trendline thing automatically and you could set alerts on a cross of the midpoint (alerts on indicators on indicators...I'm gonna try it).

YINN, BABA daily and weekly

Posted by matt on 2nd of May 2024 at 04:12 pm

YINN - Chart Link- 3X China

BABA - Chart Link-

BABA - Chart Link- I've posted BABA weekly before the long falling wedge, looks fantastic. Again, I posted this a while back

Noticed another China stock JD

Posted by EdZ on 2nd of May 2024 at 04:30 pm

Noticed another China stock JD has a nice run going.

HD ... Flagging on the

Posted by mla127 on 2nd of May 2024 at 04:01 pm

HD ... Flagging on the 200dma ...

HD - Gaped above my

Posted by mla127 on 3rd of May 2024 at 10:02 am

HD - Gaped above my initial buy order ...

FUTU nice

Posted by matt on 2nd of May 2024 at 04:00 pm

FUTU - Chart Link - no earnings on the horizon, so for now I"m just planning to hold it

Wheres the tip jar?...lol..

Posted by morton7 on 2nd of May 2024 at 08:54 pm

Wheres the tip jar?...lol..

USO - Watching for a

Posted by mla127 on 2nd of May 2024 at 03:41 pm

USO - Watching for a bounce

AMLX - Spoon Pattern. :-)

Posted by EdZ on 2nd of May 2024 at 03:24 pm

AMLX - Spoon Pattern. :-)

BA

Posted by EdZ on 2nd of May 2024 at 03:17 pm

GCT

Posted by EdZ on 2nd of May 2024 at 03:15 pm

GCT

Silver trying to back test

Posted by mdgfain on 2nd of May 2024 at 02:52 pm

Silver trying to back test the breakout?

WMT

Posted by mla127 on 2nd of May 2024 at 02:45 pm

WMT

WMT - what are you

Posted by DigiNomad on 2nd of May 2024 at 03:30 pm

WMT - what are you thinking on this one? Perfect short opportunity on 1st pullback after break? Or an STS trap play / false breakdown that triggered on the close yesterday?

WMT - Looking for long,

Posted by mla127 on 2nd of May 2024 at 04:08 pm

WMT - Looking for long, but the 50MA seems to be capping it for now ... a bit like COST ... so if this fail to break it and reverse from it, this could turn out to be a good short ...

I sold calls on it

Posted by DigiNomad on 2nd of May 2024 at 04:15 pm

I sold calls on it in one account because of massive unrealized gains. I shorted it in other accounts because of 31 PE and mediocre growth to support a multiple like that (and also because the STS got hit yesterday and this seemed like maybe just a death wiggle today).

It's priced like a mega cap tech stock!

yep KISS system closed out

Posted by matt on 2nd of May 2024 at 04:29 pm

yep KISS system closed out WMT yesterday, and maybe this is a big wave 4 and it makes another high, but it did lock in a trade/gain

INDA uptrend today is basically

Posted by DigiNomad on 2nd of May 2024 at 02:43 pm

INDA uptrend today is basically a straight line.

My AI pattern finder tool thingy just picked out an ascending wedge with 5 touches on the 2m so I wouldn't touch it right here, but maybe it's going to give a buy opportunity down around $52.85. Breakout area on longer term charts is 52.61, so I'm probably just being too picky. Also a demark 9 on the 78 and those tend to work out pretty well in the short term.