$AAPL Chart Weekend Update, 7/25/14 Market Close: Looking Bullish into Monday?

AAPL continues to pass various Trials of Sentiment™ (including that whole fiscal Q3 earnings checkpoint deal) as the iPhone 6 launch approaches. And the price action really does look like it’s back to where it once belonged.

Where do we go from here? If only I had a clue.

But maybe we can get a clue – or a fraction thereof – from the charts.

(Click for full resolution charts)

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AAPL Chart “Week in Review” (6/27/14 Market Close): Breakout Attempt #1

A three-day bounce with increasing momentum (albeit very light volume, and hardly momo-stock-like), leading to an up week at the close.

Apple’s fiscal Q3 ends today (assuming everything’s just set to “Cupertino time”) and the charts might be even less “helpful” (a common phenomenon) as we get closer to that little quarterly event also known as the Apple Inc. earnings announcement. That said, let’s have a look at “the week that was” and see if there’s potential hints of clues in the charts.

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$AAPL Chart QuickTake, 06/09/14 Market Close (Post-7-for-1 Share Split): Mikey Market Likes It (For Now)

“What’s this stock?”

“Some smartphone/tablet, software and services company. Their stuff’s supposed to be easy to use.”

I’m not gonna buy it.”

“Let’s get Mikey!”

“Yeah!”

“He won’t buy it, he shorts everything.”

“He likes it! Hey Mikey!”

I’ll be here all week. 😀

AAPL’s handled the two recent Trials of Sentiment with aplomb. I’m not sure the market’s fully “accounted for” the uncertainty surrounding the share split (could just be me, though did you see VXAPL tank 10% today?), but let’s have a quick non-expert’s look at the charts anyway.

(Click for full resolution charts)

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$AAPL Chart QuickTake, 06/03/14 Market Close: The Fine Line Between Supercharged and Overheated

“PROGRAMMING NOTE”: Posting schedule should settle down to the “norm” of 1-3 times per week. Please feel free to follow along on Twitter in between blog updates, if you like.

We’re still right in the middle of considerable uncertainty, and who knows if the 7-for-1 share split will do much to reduce it right away.

As far as “yesterday’s news”, WWDC was great stuff in my humble opinion (provided, of course, that Apple delivers on most of its promises and further delivers hardware to match later in the year). “As usual”, AAPL ended the day in the red, though by less than a percent. And then today? I’m thinking a lot of market participants were surprised. I was.

So what we’ve got is AAPL retracing almost 22 points from trend highs (intraday basis), less than 17% of the “total move” from 511 and just slightly more than 23.6% of the post-earnings move starting from 560.73 (lowest recorded print post-Q2 earnings). There’s a million ways to measure retracements, of course, but those two seem fairly “foundational” uptrends/sub-uptrends as they go. Should AAPL hang in there and move past 640 “with authority” (whatever that means), it’d probably be considered very, very bullish, though even some bulls might start getting uncomfortable with the velocity of the rally at that point.

Who knows where we go from here, but heck, let’s do a quick check of the charts now and see where the price action leads in the days and weeks ahead.

(Click for full resolution charts)

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$AAPL’s Next Move: Beats Me, But Rest/Retrace “Couldn’t Hurt” (Chart Checkup for 5/28/14 Market Close)

Get it? Beats? I’ll be here all week.

First red day after seven straight green sessions, down about $1.60. A huge move from 511/524/(pick your measuring point). Beats acquisition confirmed, and WWDC’s just a few days away (and of course you already know about the 7-for-1 share split soon after that).

Charts might be “less instructive” than normal, and who knows what Monday’s trading will be like. So with those caveats to go along with all my other disclaimers, my “reminder” to DYODD, etc., let’s see if the charts still hold fragments of clues.

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$AAPL Chart Checkup, Weekend Edition (5/9/14 Mkt Close) – All Kinds of Mixed Signals

Apple v. Samsung II news – didn’t seem to hurt AAPL’s uptrend.

AAPL going maybe “too far, too fast” considering the record recent upwave of 80 points vs. more like 60 in prior months – maybe that did.

Broader market whipsaws – seemed to blunt further AAPL upside.

Ex-div day – looked to be the nudge bears needed to push AAPL below 590.

Those rumors of Apple in talks with Beats Electronics for a $3.2B acquisition – hard to tell if there was any effect.

And that’s before trying to figure out the technicals! 😀

Tricky to say the least. Well, let’s look at the charts anyway and see what incomplete clues for Monday may be buried within.

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AAPLTalk, 4/30/14 Market Close: Third Time Isn’t the Charm as $AAPL Shows More Signs of Overheating

Was there a shooting star sighting on AAPL’s daily chart today?

Of course, a candle is only a type of trailing indicator, not a crystal ball, and there’s nothing bearish about the intermediate timeframe. And I’m the not the type of person who’s qualified to make calls on a stock, much less give anything resembling “advice”. ¹ But never hurts to check the charts to see if more of those bearish trailing indicators show up – and see if over the past couple of days, they’ve been adding up.

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