04/07/2014 – Apple
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
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.