GLOOM AND DOOM ON THE DAY

6 июн. 2023 г.

Interesting day yesterday for $NASDAQ:AAPL. The stock hit all time highs, and then sold off. Jim Cramer says that its a pullback and he is short, and that is normally a very good reason to go long. However, that outside down day bar is pretty ominous looking. There is also an unfilled price gap lower and that could act as a magnet to the down side.

Even more interesting is pubic sentiment towards NASDAQ:AAPL. My very, very unscientific but thorough review has to do with AAPL's new product. The World Wide Developer Conference was yesterday and it showcased the release of Apple's new googles--wait goggles. Kind of pricey at $3500, making it one of AAPL's more expensive offerings. Initially, people thought it was kind of hokey and crap, which was the news on the buildup to the release. However, later in the day, many on Twitter sounded excited about the googles, including @TheShortBear. IDK, I am an intraday trader and use 1M bars, but my bias on AAPL is short. Since AAPL weighs so heavily in the ES1! (No. 1 weighted stock in the index) and the CME_MINI:NQ1! (No. 2 weighted stock in the index), it could be like that old Dixie Chicks song, "If I fall you're going down with me."

If AAPL falls, the ES and NQ may go with it.

Remember positivity starts tomorrow.

6 июн. 2023 г.

Заметка

AAPL sold off on the open this morning for 17~ points.

I am not always right, but when I am, it's because I drink Dos Apples.