I hear nonsense from folks who think the stock needs to reconsolidate in an area where is has for weeks. The market sell off due to the stimulus delay is going to keep bringing volatility. The middle band otherwise known as the 20 day moving average has been a solid bottom for Apple stock the last three days.
Team check out my latest Apple thoughts in this video. With stimulus discussions flip flopping everyday and the election season among us, several traders on the sideline, we are getting solid dips.
Good luck folks, I see a bottom in the $405-$410 for a long. Regardless the stock has constantly rebounded off of news. As we fill in the wedge I expect a breakout back to $465-$480 and $500 before years end. Lets get that stimulus done already.
My last video was censored by some mod due to a link I posted. I made the video solely for the community since my youtube video has a video overlay.
In short, the $448 is a solid support for the stock. We had a technical breakout yesterday during the market sell-off. Today we tested our recent consolidation range and traded near the $448. I have scalped...
As we have been discussing and anticipating the breakout back to $120! It came today to no surprise in anticipation of the upcoming $AAPL iPhone event tomorrow. Want to give a shout out if you have been following me and taking these trades these past few weeks. I held on to a small portion of my $117.50 calls in anticipation of a gap up scenario. NASDAQ:AAPL
What an awesome week, as expected our breakout which was forming has started to show us signs of life. Whether you use technical indicators or just your gut, I can see a push back into the $120 on tuesdays event. THE PROBLEM is that we have a lot of bag holders in the $120's so I can see a push back down to $115's once we exit the event. Imagine those...
Hi everyone, to follow up from my last video what an awesome trade. If you held RAD from the mid $9.50's and got in today's announcement with the acquisition we got a 8% upside move. Acquiring a company for 90+million just demonstrates the strength of the company. I mentioned the $10.50s-$11 would come and I would be looking for an exit. I still expect the stock...
I wanted to provide to you an update on AAPL. As we discussed in our previous analysis the $112.60 has been solid support even during the most turbulent times. Now that we have had an extended period of consolidating, technical indicators are turning positive and a breakout is confirming. I expect to see a breakout back to $120 this week. I personally...
Today when we opened lower from yesterday I saw the 50 day SMA around $114.50. I sold my put contracts as we came lower and loaded up on my call contracts. Ideally, I mentioned we could see a break of our strong support at $112.60 to get a better entry, however it did not come today. I may hold on to my calls or sell them. However with...
Happy Monday, Hope you are killing it today. I wanted to start off the week by following up from our last week. We had several trades bouncing off our $112.60 level. Whether you were buying shares, buying calls, it was raining money. Today we tested the high point of the wedge which I drew in last week. Although the support at $112.60 is very strong, I...
Cash money today is been a wild ride. Hopefully you caught some of the move whether you were going long, buy and selling calls or buying/selling puts. I just reloaded all my $117.50 Dec 18th calls.
As I discussed yesterday, AAPL had a false breakout and rejection. Our support around $112.60 made for a 2 point winner at open today. I went heavy with my call options back to $117.50. Decided to hold to see if we can retrace today. NASDAQ:AAPL
Just to follow up from my previous video yesterday. Today we gapped up and rejected the higher price movement. What I discuss in this video is that the bollinger band and 20 day indicator show a downtrending stock, however we gapped higher towards the higher band which is downtrending.
If you were interested in a long in Apple, I would wait for...
Yesterday I put together a video where we identified a previous resistance level acting as a support in the $112.60 range. Apple came out strong today and after it bounced off that support level in premarket. My personal opinion is I feel the breakout is premature. The iphone announcement is coming out in a few weeks and there is a gap fill down to $106....
Rite Aid got double whammed last week. First with terrible earnings and the next day with a downgrade. The stock has traded the last three sessions with a floor around $9.60s. At open at the stock flushed and quickly hit the high from yesterday before selling off. If you are one for a long, I would hold RAD for a $11 move within the next week. At this price level...
I have traded MRNA more than any other stock. Even if you lack the experience and know-how of trading, following some basics trends will give you a high winning percentage with this stock.
1) Finding the premarket high and shorting the stock close to that gives you about an 85% chance of a 50cent-$1 move before market opens.
2) A lot of the news on this stock is...