andrew.berg

AAPL don't chase price, stay tactical

NASDAQ:AAPL   APPLE INC
It is difficult to buy here after $40 move from earning's gap but on intraday basis there we can still trade tactically keeping long in our mind.

Actually, it is one of the best stocks in this choppy, range-bound market because after earnings was released it had nice, powerfull 2 days continuation move then some rest, inside days which is healthy after such a big move with Red Dog Reversal (so we can put some tactical trades on the short side) and yeasterday we saw breakout and some trend plays.

Today we will see if it can continue through previous high of the day for another potential move higher. Support levels at $598.40 then $596.

Overall market closed well on highs but stays choppy with $SPY in front of resistance and $QQQs showed recent relative weakness.
It went through previous high of the day $601 with nice momentum followthrough to $604. Trim and trail.
Now it failed and get back below. I am playing it for tactical short versus previous high of the day if it will trigger below $59970ish
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