Apple’s post-Trump bump

18 Comments

  1. Gregg Thurman said:
    Amazing. AAPL is up about $3.xx, yet RSI has dropped from ~48 to ~34, indicating that it is way oversold. Looks like a buying opportunity to me.

    Placed an order for JAN 29 $130/$131 Call Spreads at 55¢. Trading at 63¢.

    I may have to revise my order should AAPL keep going up. Hopefully I can get these on a pullback of about $1.00 from $131.74.

    3
    January 20, 2021
    • Tommo_UK said:
      @Gregg not sure where you’re seeing AAPL’s RSI at 34… it was mildly oversold by yesterday but the RSI is only just over 50 now and the stochastic oscillator has shot into overbought territory indicating a pause to refresh is needed.

      I’m assuming you’re talking about the daily chart though?

      I’d be very happy to see consolidation here between 131.40 and 133.50 this week prior to earning while the markets churn awaiting some positive dulcet political news from Delaware Joe now the orange man has left the oval.

      Anything but yet another air pocket vomit inducing drop back towards 126. I think the scope for an outsized rise in response to the earnings call is much higher from a higher position than from yet another pullback.

      2
      January 20, 2021
        • Tommo_UK said:
          @Gregg

          The clue to the mismatch would seem to be in the price and date shown on the link you provided. You’re looking in the rear view mirror (which is fine if you were planning on buying first thing this morning) 🙂

          FWIW on the 30 minute the oscillator is crossing over showing momentum to the downside (intraday short term that is) and RSI having peaked all day is also calming down.

          This kind of move up needs some churn to spit out day traders who need to take profits and attract swing traders into earnings, who may have sat on the sidelines due to event risk around the inauguration. Swing trades often turn into less volatile investments so there’s no doubt that flying pigs aside, we’re seeing the return of some much needed upside momentum.

          Luckily with Biden about to print more Dollars than most drug cartels have earned in the last 50 years, the dollar will be under pressure and the Swiss National Bank will be buying yet more AAPL to try and hide its enormous cash hoard to keep the Franc down. Did you know a chicken in a Swiss supermarket can cost upwards of $15?

          0
          January 20, 2021
          • Gregg Thurman said:
            Thanks Tommo. Apparently my source prints RSI once each day at the Close. That’s fine for me as I’m not a day trader, but I would like more current data. Can you provide me a link to your source.

            1
            January 20, 2021
            • Tommo_UK said:
              @Gregg

              My trading platform provides tools to display a range of tools and measures half of which I don’t even understand but changing time periods and adding TA overlays like RSI, MACD and Stochastic along with trendline analysis and projection is part of the package.

              I suggest setting up a demo trading account which will give you access to the same tools but without trading privileges to explore the whacky world of TA. It’s a bit like advertising – half of it works and half of it doesn’t but you can’t ignore it IMO especially with so many retail investors back in the market.

              The retail investors and traders have moved the advantage away from the quants who had totally captured the market from about 2008 onwards and given an edge back to people who are able to juxtapose their own compelling belief in a company’s narrative, with its fundamentals and an ability to identify the stock’s technical signals as triggers.

              0
              January 20, 2021
              • Gregg Thurman said:
                Thx Tommo. The only TA I avail myself of is RSI. It can only be moved by those putting their money where their convictions lay.

                After that I use fundamentals and Luca’s guidance to formulate Revenue and earnings estimates (been difficult since last March) and my weekly trading strategy to game the market.

                I think that between Yellin, Powell and Biden the economy is going to grow rapidly (fairly easy compare) with low inflation. That will benefit Apple’s extremely strong product lineup and future.

                As an aside my Air Pod Max is due to be delivered today. I’m as excited as an expectant father.

                4
                January 20, 2021
          • David Drinkwater said:
            Sweet lord of mercy. A 5 pound chicken at Kroger is like $5, or 4 euro. And of corse $15 would be 12 euro.

            I can’t imagine that the French are pricing chicken so highly. They are practically plants and the silent fourth ingredient in mirepoix.

            0
            January 20, 2021
  2. Fred Stein said:
    Looks like the breakout phase, following a pennant formation. Disclaimer – I’m not a quant.

    2
    January 20, 2021
  3. Miguel Ancira said:
    Added more shares at $129 last week. Got tired of waiting for it to fall before earnings.

    This is where I agree with Kramer…own AAPL

    4
    January 20, 2021
  4. James Dean said:
    Tommo,

    At Migros and Co-op, you also have to weigh your own 15 CHF per kilo organic tomatoes, or they send you to the back of the checkout line!

    All things Schweiz are expensive, even pay toilettes at the Bahnhaufstrasse station in Zurich. 1.5 CHF a poop.

    2
    January 20, 2021
    • Tommo_UK said:
      @james
      Swiss Macdonald’s – twice the cost of New York. The worlds most expensive Big Mac!

      2
      January 20, 2021
      • David Emery said:
        There’s no such thing as a ‘bargain’ in Switzerland 🙂

        1
        January 20, 2021
  5. bas flik said:
    LG is considering to quit smartphone business. Once we sold many LG phones in the Netherlands. As one of their biggest dealers we were invited for the CES in Las Vegas. 4 days with 30 dealers. Business Class, Beautifull suite in the Las Vegas Sands. Hummer tours, with helicopters over the grand canyon. Also one day in San Francisco. All paid by LG. really nice people.
    Untill Apple appeared on the market. Then the party was over. LG completely disappeared from the Dutch market. Like Nokia and Blackberry. and HTC and many others. Only Samsung left. Also reallly friendly people. Sadly no match. Dark skies ahead for Samsung.

    8
    January 20, 2021
    • Gregg Thurman said:
      Android became popular initially, because it was far less “expensive” than iPhone. Over time, however, Android users have discovered that there IS difference between Android and iOS. Call it quality of product, ease of use, privacy, whatever you want, Android users have been migrating to iOS for almost a decade, slowly at first, then faster as Apple introduced features supported its own silicon and camera technology. I expect we’ll see more cellular firms exiting the market as Chines “smartphones” continue to flood the low end of the market with Apple dominating the premium segment.

      Firms like Samsung can’t compete with government subsidized Chinese knock-offs or Apple’s hold on the premium market. Motorola has already been sold twice, BlackBerry and Nokia have no presence. Neither does Siemens, Sony or NEC. How before the smartphone market consists of only iPhone and State subsidized knockoffs?

      1
      January 20, 2021

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