04/29/2014 – Apple

Apple AAPL:

1. Apple continues to advance beyond the original forecast $558/$60 upside target and made a new recent swing high of $595.98.

2. Short-term, Apple is reaching a critical juncture on the upside. Any further advance and test and failure at/near $604/$05 this week (week of April 28) or next week (week of May 5) will indicate a tradable decline to at/near $573/$72 (or lower) into the week of May 12 (+/-1 week).

3. Should Apple be unable to reach $604/$05 noted above, new short entry from lower prices will be messaged in a subsequent 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.