This week's Apple trading strategies (6/1-6/4)

A place for Apple traders and investors to share their best ideas.

To get things rolling, here's CNBC on Apple beating out Netflix for the new Scorsese film. "This js very important, and I'm glad we're talking about it," says Jim Cramer. "This must have been a jump ball, Carl, and the jump ball went to the guy with the most money. And that's a big, big change. Because someone was playing with borrowed money, the other guy's playing with cash."

Cue the video.

Below: Apple vs. the S&P 500 last week...

Apple trading strategies 6-1

Disclosure: Although I am now an Apple shareholder (see Why I bought a share of Apple, my first), I am in no position to give trading advice. Don’t blame me if you drain your IRA doing something you read about here.

See also last week’s trading strategies.

4 Comments

  1. Jerry Doyle said:
    There is markets & there is Apple. Both do not necessarily move in tandem, although directional patterns are the same.

    We already are in an broad confrontation with China, which sees both sides at odds on almost every front – from trade & tech tensions, military, ideological & geopolitical rivalry, to political & legal battles over the coronavirus. We seem to be entering a new cold war. This is inevitable no matter the outcome of the November elections since concerns toward China is one of bipartisan support in the US Congress.

    There is a plethora of ominous economic news to come on the domestic front. No COVID-19 vaccine is happening until early 2021 at best. The markets have climbed to highs where no more economic red blood cells are produced to sustain markets farther out. Not even the Fed’s touted backstop or opening of states economies. All that is built into the current market levels.

    The markets are over valued. Even Apple struggles to push higher. I have difficulty seeing any catalysts this week to continue propelling the markets upward. In fact, we started our pullback last week. I believe that pullback continues.

    Apple is a safe haven during this period. It continues to benefit from excellent leadership, recognized revenue strength going forward and a CEO who has cultivated strong working relationships with leaderships in both the US and China to navigate geopolitical events. While the markets pullback will be deeper, it will be less so for Apple.

    2
    May 31, 2020
  2. Paul Brindze said:
    The short term market impact of the current demonstrations and violence (on both sides), looks, to me, like market trouble, as well, this week.

    Whichever side one is on with regard to the demonstrations, it is pretty clear, again, that we have no effective national leadership on any of the issues involved.

    This makes for uncertainty, and we all know how Wall Street reacts to uncertainty.

    2
    May 31, 2020
  3. Gregg Thurman said:
    Looking for a trade strategy and I don’t see one.

    1
    May 31, 2020

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