Such a stiff drop of USD/JPY in the short time showcased the world economy is really in bad shape, and the fundamentals of the US economy may be rigged. When equity debacle has no end in sight, investors rash to JPY to protect their assets. In the least, here in China, the economy slowdown is widespread and far-reaching, I don't see any significant improvements in...
I would love to be a buyer at the 2015 highs, laddering down from the weekly 200SMA until pretty much 130 flat. Weekly RSI bottomed out, I'm gonna time my buy when I see some nice bull divs, maybe a reversal candlestick pattern and we good to go. What a way to start the year Apple!
FX turmoil early in the evening session with the AUDUSD falling to .6750, USDJPY falling through 105 and USDTRY blasting through 5.6.
EURUSD and GBPUSD are taking some heat, too, in what is being explained as carry trades being unwound as market participants are finally getting the gist: growth and inflation are slowing.
In my previous post, my intermediate...
So AAPL found buyers after hours at its 38% fib +/- a couple cents. If Dip buyers flock in the morning, this thing might make a move up to $150 - but then what. If Portfolio Managers are dumping, the next Fib might come into play, especially with deeper market weakness.
After the recent report out from Apple.
They are showing lower guidance. This should have been a warning when they didn't release the numbers during earnings.
$AAPL Apple - Over $250M in December Puts purchased today with another $100M+ in January Puts. A major fund with deep pockets is expecting additional downside in the very near term. I'm targeting the 200d ema on the weekly chart or about $150 by January. If that doesn't hold, next major support would be around $133.
Note: Informational analysis, not investment advice.
Gold, as traditional safe heaven asset during times of crisis, has steadily crept up against the backdrop of equity debacle. I think Gold will continue to move up because the stock market most likely would fall in the near future. But from the technical standpoint, although 1250 level has bottomed up with buyers pouring in to hedge against for risk, 1300-1350...
NASDAQ:AAPL
NASDAQ:NDAQ
AAPL broke structure and headed into a deep downtrend. Bulls may see this as an opportunity to push the market higher, however this push will be overtaken by an overall market slope.
IG: @BULLRINGANALYSIS
Easy to say/noted that AAPL has been following an upward trend & triangle pattern for some time now. The beginning of 2019 will be interesting for apple to say the least after massive drop in late 2018. Despite the drop, Apple has MUCH room for growth.
P.S : RSI Levels in good position for upward movement
not financial advice
Trading Strategies Apple (NASDAQ:AAPL)
Based on daily chart, the general outlook for short term AAPL is BEARISH.
1. This is because the price create lower low (L1-L4) and lower high (H1-H3) from first November 2018 until end of December 2018 .
The bearishness evedence can be supported as the price now is below 50-days EMA.
2. However notice that, there is...
This past week offered a great opportunity to short the stock market on this bearish retest of what was support now turned resistance.
We're in a macro bear territory, and officially in a bear market for all indices in the US markets.
My personal target is 18,000 in Fall of 2019.
Above is a prediction of the price action, but the general idea is that we go...
I expect market weakness going into Friday and Monday, which is the last day of the calendar year. You figure investors have to sell some winners to offset the losers for tax purposes. In addition, I expect more outflow from mutual funds, ETFs, and 401k plans since we're talking about Friday/Monday. I expect FAANG stocks to take a hit.
It's not even about...
