Issued: 04/06/2014
Apple (stock) AAPL
Previous update:
1. Apple continues to trade well above our March 3 long entry at/near $527.00.
2. Continued daily closes above $535 indicate higher prices in Apple and a test/attempt at $545/$46 (or higher) into Wed., April 9 (+/-1 day).
3. Any test and daily close above $535 prior to Wed., April 9 may provide new long entry. Will update.
Latest update:
1. Fridays Apple session broke the $535 level (noted in the previous update) indicating lower prices (rather than higher) into early next week (week of April 7).
2. Any further test/attempt at $528/$27 into next week remains critical. Will update in tomorrow’s (Monday, April 7) session.
David Williams
Issued: 04/08/2014
Apple AAPL, previous update:
1. Fridays Apple session broke the $535 level (noted in the previous update) indicating lower prices (rather than higher) into early next week (week of April 7).
2. Any further test/attempt at $528/$27 into next week remains critical. Will update in tomorrow’s (Monday, April 7) session.
Latest update:
1. Our original forecast for Apple included a long entry at $527/$28, (occurred), an initial long position exit at $536/$37 (occurred) and a final upside target of $558/$60 (unable to complete, recent swing high, $551.19).
2. The next important daily market bottom for Apple is Wed., April 9 (+/-1 day). This may prompt new long entry especially with continued daily closes above $517.35. Will update.
David Williams
Issued: 04/03/2014
Apple (stock) AAPL
1. Today’s Apple session declined further and completed the forecast $535.60 downside target noted in the previous update (session low, $535.43). Will message any further entry are indication.
Latest update:
1. Apple continues to trade well above our March 3 long entry at/near $527.00.
2. Continued daily closes above $535 indicate higher prices in Apple and a test/attempt at $545/$46 (or higher) into Wed., April 9 (+/-1 day).
3. Any test and daily close above $535 prior to Wed., April 9 may provide new long entry. Will update.
David Williams