Potential hidden bearish divergence alert!
If RSI declines below 70 without hitting above 144.63 would be a hidden bearish divergence.
When?
It is insane. It wasnât that long ago 1T market cap was considered unthinkable. I also remember CNBC celebrating Dow 20k with hats for people. It pays to be an investor.
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What is the takeaway? Is Apple going to become a Texan company just like AMD?
I think Apple HQ will remain in Cupertino, with executive management and those people who aspire to leadership being based in Silicon Valley.
But rank and file engineers will probably be increasingly based in Austin and other cheaper areas.
Sr Manager and Director level folks at Apple are probably buying the $2.5M - 3.5M SFHs in Sunnyvale and Cupertino. VPs and up are buying the $3.5M and higher SFHs in Los Altos, Saratoga etc.
Apple engineers who were buying sub- $2M condos and THs in Silicon Valley will instead buy mansions in Austin
Airing your frustration that your aspiration is yet to be met?
No, no. I am beyond aspiration. I am now in resignation phase.
I do not aspire to the be in any such leadership capacity - just pointing out that people in leadership positions (or on leadership track) are probably buying into formerly working class neighborhoods in Silicon Valley
First time, based on my sell rating, Shorted AAPL (avg $148.91) and bought AAPL puts ! May be short term play, but looks attractive to short now.
Yeah, I noticed it. Here is my AAPL rating, It is rare for me to get AAPL Super Sell rating.
AAPL and MSFT are giving me very clear signal for imminent crash. AAPL wonât long last (even if it goes up from here). May be very near to TOP.
Something wrong for the market, as if preparing for a showdownâŚ
If AAPL tumbles, indices would tumble, is the last big guy that is propping indices for the past few trading days.
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Other analysts seem to be also be talking about overbought levels for Aapl as well.
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I took my profit today for a very nice gain. Market feels topish so raised a lot of cash too. Iâll re-enter when opportunity presents itself but I think it may still go up for a while. I wonât short AAPL at this point.
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Many high growth (aka Cathie) stocks are red but indices are green because AAPL is GREEN.
Good choice, at least now.
I wonât short AAPL at this point.=> My action is based on my algorithm,live testing too. This is again short term bet, but not long term holding.
I had AAPL calls when it was from $136, sold it for nice profit. At that time, S&P was 14% up YTD, but AAPL was 3% YTD. Now, AAPL is catching up YTD 9.75%.
This AAPL put/short is very short term effect that I may sell when I see profit as AAPL has potential to go above $150, may be $155 max expecting good results this month-end and then tumble from there.
But, AAPL, MSFT, AMZN are keeping up the S&P upside so far until they announce results and market may keep holding up until then (all these are guesses).
BTW: Not a stock nor an investment/financial advice/suggestion.
AAPL Covered the shorts and sold puts, but soon will buyback again when I get chance.
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