AAPL could be in trouble

[fantastic4]

AAPL has broken it's trendlines and is below all the falling moving averages. If the support areas are broken, I imagine we could be in for a big drop.

Here's a video from a trader I watch:

Free Trading Videos vLOG >> Home

 

[luckyd1976]

AAPL became interesting to me today. Sitting at 83 and change Im looking at the Jan20th 09 lows of $78.20 And the next lows Dec 25th 06 of $76.77 for some good support levels in AAPL. SO with some Mad Money play the risk at most the 83-76 (7) For a decent name on the cheap. Or better yet go long here with these two levels of support in mind and Buy the 3-6 month 75 Puts for insurance. This looks like a pretty good 6month base forming in AAPL

 

[fantastic4]

Good call lucky!

 

[luckyd1976]

Good call lucky!

I wish I could take credit for that one. That call was luck. Yesterday I rolled up and in my 75puts to 80

 

[foreverstudent]

Is AAPL over extended? See if bulls can push tomorrow.

 

[fantastic4]

I'm personally expecting a down day. We hit of the negative 23 pullback hard, and on a slightly longer time frame, we're getting ready to break back down from a 50 percent retracment. The TRIN was also looking quite bearish yesterday.

 

[fantastic4]

WOW! AAPL continue to look the strongest in the tech sector. When I go fishing for shorts, AAPL is one I'll pass on.

 

[Dogon566]

Looking at market internals...Interesting trading session today going into the weekend. Touch and go on the 200 sma (40.44). The $VIX opened at 40.99 and reached a high of 43.52 and a low of 40.03. The closing candle is a spinner. The fib retracement 0.0% (38.96) area hasn't been reached yet as today's trading closed higher at 42.36.
http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=6&dy=0&id=p23129100789&a=138587146&listNum=1

We'll wait to see what next week will possibly bring to the markets.

 

[foreverstudent]

Yes, I'm looking for shorts in the low 750s on Monday.