Pretty much what the Chartmaster says. And no, he's not perfect, but we'll see if the trendline stays broken or not, and its something to watch closely.SPY chart I am looking at now. Next week is going to be very important. Either buyers are coming in to pick us up, or we can really open up to some continued downside. Notice today's sell volume was the highest we have seen since July 19th. Also to note, this is the furthest we have broken down outside of the ascending support macro trend line from March of this year.
Just some bigger market observations. Be cautious picking up longs. Know what you own and have a game plan if we see further downside.
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I'd becareful shorting aapl around this level, there's a big volume shelf at 145. I'd only short if it drops below 145 and is rejected on the retest.
I'd becareful shorting aapl around this level, there's a big volume shelf at 145. I'd only short if it drops below 145 and is rejected on the retest.
No one is afraid of shorting Apple right now. Bears have seized onto the Epic lawsuit and last product show. Look at the chart, shorts have been feasting. This stock is going to have a hard time moving up anytime soon.Shorting AAPL...
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I hope you are right. I would love to buy some more at a deep discount.No one is afraid of shorting Apple right now. Bears have seized onto the Epic lawsuit and last product show. Look at the chart, shorts have been feasting. This stock is going to have a hard time moving up anytime soon.
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The Epic v. Apple ruling could put a serious dent in Apple’s $19 billion App Store business
Who gets paid for the App Store’s biggest games going forward?www.theverge.com
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Apple’s share price at $90? Here’s why this analyst is shorting the stock
Apple shares rose 0.61% on Wednesday and traded at $148.96 after hours.www.cnbc.com
Apple's profit margin for services is 70%...maybe hardware will be 30 (or less) with all the inflation issues.I hope you are right. I would love to buy some more at a deep discount.
They have this rabid fan base. Not just individuals but corporations too. I don't like their shit personally but gazillion swear by it so that's why I own them.Apple's profit margin for services is 70%...maybe hardware will be 30 (or less) with all the inflation issues.
All of Apple's products are incredibly inferior, but by god did Steve Jobs create a cult with masterful marketing techniques.
iPhones are truly garbage compared to the plethora of much better Android phones out there. People actually yell at me for ruining their text chains because I have an Android, because it changes the color of their texts when someone without an iPhone is on them. What kind of a shit product doesn't work "correctly" unless everyone else is also using that same exact product?
Imagine if your emails didn't format or send correctly unless every one of your recipients was also using the same exact email product. It's absurd.
A smart person who knows how to maintain market share.
Nobody wants to be a green text poor.
A market share of poors and ultra poors though.Apples market share is dwarfed by Android worldwide by the way
Nasdaq Futures down nearly 1%, as is the S&P Futures (since they are basically the same at the top), DJIA Futures down about 40 basis points.
My guess is the driver is the Senate Parliamentarian ruling the the immigration/citizenship stuff cant be passed in the budget bill via reconciliation and Manchin re-iterating he is a no on the current version of the 3.5T "infrastructure" bill.