AAPL Update As of 18 January 2019

AAPL reports on 29 January 2019.

Things don't look good for the stock right now.

The broader stock market has been on a tear since Christmas, but Apple's stock can barely get up off the mat.  $140 and TAOST Low Power Zone look like good support, but nothing can hold up a market determined to collapse.

One of my favorite trading strategies historically was to buy stocks that went up when the overall market went down.  It stands to reason that 1 should sell stocks that can't go up alongside the broader market... especially when the stock is supposed to be a market leader.

I say all that to say that it appears to me that Apple is in trouble.

Only the future will tell.

An Apple A Day? 4 January 2018

$AAPL took it on the chin today following their lowered guidance after the close yesterday.  

I had quite a few emails and texts asking, "What now?"

There's no easy answer to that question... though I will say that price fell to a pretty interesting level today... and held.

Watch this $140 area for real (if temporary) support.  The fact that it's also right at the top of TAOST Low Power Zone [TLPZ] doesn't hurt.

Weekly

AAPL Weekly Chart

Daily

AAPL Daily Chart