One Thing You May Have Missed About Apple

Hello MarketClub members everywhere, Adam Hewison here coming here from the digital studios of MarketClub. I just got back from a short vacation break in Maui to see Apple once again slumped below $100 a share.

MarketClub's Mid-day Market Report

Apple Inc. (NASDAQ:AAPL): One thing you may have missed is the fact that the Trade Triangles triggered a red weekly Trade Triangle on 4/22 at $104.22 signaling a move to the sidelines - that was 4 days ago!

As I have said before, perception is everything in the market; the perception now is that Apple is not the innovator it once was and that the smartphone business has peaked. On the brighter side, Apple still has almost $250 billion in cash, but like I said perception trumps everything. Inc. (NASDAQ:AMZN): Tomorrow after the close Amazon announces its earnings. The question is going to be, is Amazon still growing? At the moment the Trade Triangles are showing a mixed picture for Amazon, meaning that you should be on the sidelines for this earnings report. I will be looking and analyzing Amazon today.

Gold (FOREX:XAUUSDO): The gold market triggered a green daily Trade Triangle morning at $1,245.97 indicating that it was all systems go for gold. I have been positive on gold for quite some time and expect to see this market move higher in the weeks and months ahead.

Crude Oil (NYMEX:CL.M16.E): The June contract of crude oil triggered a green daily Trade Triangle today at $44.20 and once again it's all systems go for this commodity.

I will be covering all of these markets plus the major indices. I will also be looking to find some of the next big movers either on the upside or downside.

Stay focused and disciplined.

Every success with MarketClub,
Adam Hewison
Co-Creator, MarketClub

One thought on “One Thing You May Have Missed About Apple

  1. Nothing to surprise for Apple, because chart has given warning bell much ahead.

    As per my view, Next down levels are $ 88 , $ 60 and even finally $ 45 also can not be ruled out at this stage.
    intermediate trend is quite weak, and except certain bounce backs, bull run is far more difficult.

Comments are closed.