I’ll continue to train a spotlight on AAPL because it is the stock that matters most. If it is falling, the broad averages will be weak; and if it is rising, stocks will be held buoyant. On Monday, it almost looked as though the two were headed in opposite directions. At the opening bell, AAPL gapped $3.50 beneath Friday’s final sale and couldn’t sustain even a small bounce. But even as it was getting pounded, the Dow rallied from down 100 points to within 22 points of unchanged. It didn’t take long for the Indoos to get in bearish gear, however, and they fell for the rest of the day, more or less synchronized to AAPL’s small ups and and large downs. I expect AAPL to go even lower in the days ahead. Most immediately, there’s a target that lies $3.00 beneath Monday’s 185.85 close. But if that Hidden Pivot support is decisively breached it will open a path down to as low as 170.78 over the near term. All eyes will be on the stock whatever it does, but keep my targets in mind if you want a more accurate sense of where the turns are most likely to occur.
AAPL, Broad Averages Joined at the Hip
- November 20, 2018, 9:39 am
-
November 20, 2018, 6:00 am
Chinese have all but stopped buying. The largest market for one of America’s largest exports has shut its doors. The Chinese government imposed a tariff on American soybeans in response to the Trump administration’s tariffs on Chinese goods. The latest federal data, through mid-October, shows American soybean sales to China have declined by 94 percent from last year’s harvest.
Double whammy!
Maunder Minimum” (circa 1645-1715). 11142018
Maunder and lack of sunspots and the cold temperatures that accompanied the Maunder. It was so cold it was nicknamed the “Mini-Ice Age.” It was said you could step off the Battery and walk to Staten Island on miles of solid ice. (That’s salt water folks. It doesn’t freeze at 32 Fahrenheit.).
Starting with, and including October 18 through October 31, each day saw zero sunspots. Fourteen straight days without a spot.
The Sunspots Can’t Be Working This Quickly, Can They? – Several sections of the U.S. are seeing sharply lower than normal temperatures. In some areas, temps are lower by 15 degrees or more.We Haven’t Seen This In Over 300 Years
3RD Whammy! Dow Theory Primary turn down will signal breaking the INDU 10/2018 low point.
4th Whammy! APPL following NFLX investments. 11162018
APPL following NFLX investments into a dying industry of the future.
Apple signs deal with with Oscar-winning production company.
A 1536-6 S high is a major long term target over the weeks and months ahead.
Have a great day today Rick…..Lets keep eating habits under control at lest for a few more days! 🙂
LOL!
Well, it looks like all the fund killing positions in NG have been covered, but Da Playas, it would seem, have new place to play!
Damn!
Gentrified!
There goes the nice quiet little neighborhood in that contract!
LOL!