iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

ALL EYES ON AAPL

AAPL holding up at the highs here may provide another spark for the NASDAQ, which has been weighing down the market this morning. While the TF_F was rapidly approaching another 2% gain, the NQ_F  hasn’t wanted to get green. This heavy action stalled the early morning ramp and the probe lower over the last couple hours.

Take a look at AAPL though.

aaplinyobutt

It’s sitting up here, pegged at the highs. It’s also developing some decent balance to work with on the lower time frame.

anotheraaplinyobutt

There might be a trade here in AAPL mid-week. Would love to see it hold $117.50, but I’ve started a small weekly position as a trade here, in case recent AAPL buyers continue to defend lows. I’m still holding calls from several weeks back, but I reduced the size into earnings. A little strength here might help this NQ_F find a buyer as well.

OA

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15 comments

  1. Hawaifive0

    Look at TWTR. Maybe it’s finally following the sentiment script.

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  2. Tom

    OA, are you a buyer of FB recent these weakness ? I’m holding and waiting. Thanks.

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  3. kidstock

    Are BITA / ATHM buyable on strength in Autos?

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  4. Quality Control Inferno
    Quality Control Inferno

    Chiefton what are you thinking in /NQ here. Been a pretty quite last couple hours. Nothing extreme on the tick. I’m leaning short here for maybe 10-15 points. 4170 area has been pretty solid support intraday.

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    • chiefton15

      I’m on the wrong side of the trade at the moment but standing firm for another couple of days. Been daytrading around my positions but still taking a hit. Crazy market.

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      • Quality Control Inferno
        Quality Control Inferno

        Pretty fast rejection of 4200. Let’s see if we can test 4170 again. Just took a short here.

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  5. bchu12

    haven’t said this is a while but time to get long $JNUG again

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  6. Billy Cutting

    People beat you up at the time for the UWTI trade, wanna give you credit there..maybe a tad early but great call

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  7. hesitation

    Sweet OA. I played 3 day held HAL weekly calls to perfection.

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  8. k_melancon

    I was watching EMES yesterday as oversold and looking to bounce today, saw it up 4% this morning and didn’t try to chase…..

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