- Rank: 43
- Followers: 13
- Votes: 0
- Years Member: 6
- Last Update: 18 January 2019, 13:35
Relative Performance Charts
1/4/19 at 23,433 bounce continues targeting 24,400, earnings should help.
1/16 this bounce will slow as it hits strong resistance from 24.4k to 24.5k . The move from 23.4k to here was easier.
1/10 surprisingly strong bounce helped by the Fed and anticipated good earnings reports. Facebook and Apple are de fanging the previous market leaders and the market is looking for new leadership other than the Faang stocks.
1/14 overbought, bearish down Fri and Mon., pulling back to test support.
1/10 Cook busy selling Apple's future, but investors want to see those earnings on Jan.29th. Show me time. I think the second shoe will drop and Apple will retest the bottom. I think it is dead money until the next product cycle.
1/16 Surprise breakout going into earnings. I think it is a setup for a pullback after earnings. I am looking to short once these buyers are done. Then they will wait for a retest of support. How cheap can I get the 155 puts for a ride back to 145?
1/10 You can see the lower lows and lower highs. No bottom in place yet. That is why I think it retests 142. I think earnings on Jan 29 will be the trigger, unless Cook pre announces a 5G phone or does something equally dramatic. Otherwise I think the next 2 qtrs. keep testing the bottom
1/17/19 reaching for 158 and I will probably buy the 155 puts before earnings.
1/10 the weekly chart shows some bottoming action at 148. Let's see if that holds after Jan 29 earnings. That would be slightly bullish.
1/17 reaching for 158 and looks like 148 is the bottom so far.
12/28 at 156, this chart really tells the story. See how overextended it was. Now it is returning to the mean, the long term uptrend. Looks like the bottom might be 140-145. But you can see the long term price support is at 126, if this bear market receives some shocking news. We are waiting for the confirmed bottom signals and the signals to start buying.
1/3/19 at 143 down 15 on revenue drop, Goldman comes out with 140 target implying test of 126, Cramer comes out with 120 bottom. Currently targeting Fib level shown on the chart at 140.
1/17 heading down to oversold. Let's see how many months it stays oversold. My guess is 3 months
1/17 traders must love these swings.
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