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Stock Market Today : May 14th - 18th - Page 24

post #461 of 1030

I think this support level is at good for at least a small bounce or so. Perhaps a false break below or a flush like others have been motioning for to trap more shorts and then a rapid reversal.

 

Support.jpg

post #462 of 1030
AAPL starting to hit .00 extremes multiple times per day... safe to say it is almost the only one where you can really bank on the .00 rule.

Worth noting, while it's a derivative so the .00 is even more of a flukey guide than with an actual company stock, SPY had a 133.00 LOD, bounced to 133.35, then hit a fresh low... although you'd need good luck and great timing to make that one work, more likely shorts in positions could know to hold on that bounce, then cover on a break below.

Let's get that damn flush. Maybe here, maybe overnight gap down to pound a wide range of stops?? Maybe we have a ways to go... this is all such a controlled bleed. Feels uber bearish again without a ton of downside overall on net change.
post #463 of 1030
Quote:
Originally Posted by rando View Post

AAPL starting to hit .00 extremes multiple times per day... safe to say it is almost the only one where you can really bank on the .00 rule.
Worth noting, while it's a derivative so the .00 is even more of a flukey guide than with an actual company stock, SPY had a 133.00 LOD, bounced to 133.35, then hit a fresh low... although you'd need good luck and great timing to make that one work, more likely shorts in positions could know to hold on that bounce, then cover on a break below.
Let's get that damn flush. Maybe here, maybe overnight gap down to pound a wide range of stops?? Maybe we have a ways to go... this is all such a controlled bleed. Feels uber bearish again without a ton of downside overall on net change.

 

On that note, in the last few days, i've seen google print some .99s, reverse a $1.5-2.50 and then push forward. Last week it hit like 614.99, pulled back, then hit 615.99 pulled back, then ran through 616.99. Today it printed 617.99 this morning, pulled back, and well the rest is history.

post #464 of 1030
Quote:
Originally Posted by rst View Post

What's your take on AAPL? Thanks!

 

Quote:
Originally Posted by o7media View Post

Bearish for right now, room down to $530 over the next couple of weeks imo.

 

 

koolaid.gif

post #465 of 1030
Thread Starter 
Quote:
Originally Posted by TheShortLife View Post

I think this support level is at good for at least a small bounce or so. Perhaps a false break below or a flush like others have been motioning for to trap more shorts and then a rapid reversal.

 

Support.jpg

 

 

archer-danger-zone.png

post #466 of 1030

looks like /es 1min descending triangle from all day is about to flush us

post #467 of 1030
Thread Starter 

AMZN?

post #468 of 1030
Quote:
Originally Posted by o7media View Post



koolaid.gif



530, getting close, another $10 or so!

Don't know if AAPL will get there or not.
post #469 of 1030
AAPL pitching a sizable tent right here.
post #470 of 1030

AAPL ending above $545 would be a wonderful bull flag.

post #471 of 1030
Quote:
Originally Posted by o7media View Post

 

 

 

koolaid.gif


Yeah, who was it that said it wouldn't get that low... Sure looks pretty damn bearish.

post #472 of 1030
Quote:
Originally Posted by Venom08 View Post

AAPL ending above $545 would be a wonderful bull flag.


AAPL to close the gap? laughing.gif

post #473 of 1030
Gonna be a lot of stock twits saying "AAPL bottom is in" this evening.
post #474 of 1030
AAPL getting a nice little bounce going into the close!

Longs have suffered enough! Let's rally, now. biggrin.gif
post #475 of 1030

I guess insider buys are up on HLF per this conference they're having.  They also plan a stock buy back at these levels.  This sucker has gone crazy.  Up over 600 ticks on the day.

 

Time to whip out the ol' puke bucket.  Not that I'm unhappy with my UNG shares today, but damn .... had my chance and didn't jump on HLF back at 43.40 this morning.

post #476 of 1030
behind the scenes, financials got skewered today.
post #477 of 1030
Quote:
Originally Posted by rst View Post


530, getting close, another $10 or so!
Don't know if AAPL will get there or not.

 

I'm still looking at the $525 - $530 level. Volume is great too for more downside IMO.

post #478 of 1030

"Apple pares losses on bullish Einhorn comments" according to marketwatch.

post #479 of 1030
Quote:
Originally Posted by o7media View Post

I'm still looking at the $525 - $530 level. Volume is great too for more downside IMO.

A bounce before getting down to $525 - $530 is also possible as AAPL is quite oversold short term.

Have to wait and see what route it takes! suspicious.gif
post #480 of 1030
Quote:
Originally Posted by rst View Post


A bounce before getting down to $525 - $530 is also possible as AAPL is quite oversold short term.
Have to wait and see what route it takes! suspicious.gif

Probable

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