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.
Just when shorts thought it was safe to come back out...
In The News
- GM +7% after u/g its outlook
- NFLX +4% after analyst upgrades... the company posts next week
- GE -2.5% after an analyst cut his price from $10 to $7... Ended unched on the day...
- Caesars (CZR) -- +9% on news that billionaire investor Carl Icahn is building a stake in the casino company
- SBUX - down .7% after GS d/g on China concerns
- Another sign of the times... PVH +7% after news Calvin Klein to close its flagship store in midtown Manhattan.
How The ES Traded
Pre-Open
TBZ looked set to hold price up as we came into the US cash market open. We broke through the bottom of the zone, but only a bit...
After 11 AM
My trading room closes at 11am...
After Close
The arrows show areas where TAOST Power Zones lent a hand. Use them.
TAOST Intraday Power Zones worked at points 1, 2 and 3 today. That's not an unusual occurence, but I thought I'd mention it here today.
If you have discipline and patience [TAOST EC], you can use TAOST Power Zones to make money intraday.
Simple.
