It’s just one bad kinda-pun after another here, isn’t it. 😀
First, some quick, hopefully objective perspective on the week that was – no, AAPL isn’t micro-doomed, but yes, it’s not exactly a model of bullish consolidation either, having recorded four red days in a row. It’s only my uneducated opinion, but the overall week-end scorecard to me is – AAPL uptrend intact, near-term skepticism far from unwarranted (or, very much warranted, depending on your perspective). Trading advice? Nope, you won’t find any here. But if you’re really curious, I’m convictionless (no plans for testing either longs or hedges) at this intersection of uptrend rally pause, ex-div, weekly OpEx, and monthly OpEx just around the corner. AH is indicating that the “good news” for Apple on Samsung is being balanced out by the “bad news” in e-book-gate. So, for me, it’s back to charting levels and following trendlines as best I can.
Onto the daily chart: