Quick Apple Updates

How's it going? Micah here, I thought I'd run you through some quickfire updates about Apple before the week is over. Here's the chart at the close on Thursday, October 21: Looks like we could be seeing a bit of a topping pattern after a week of bullish momentum, so it wouldn't be shocking to see the stock head lower on Friday, headed into the weekend. But we'll have to watch closely. Right now, the markets feel torn between two competing forces: On the one hand, they have earnings, which are always a big catalyst for trades. Earnings season brings traders and investors out of the woodwork, as everyone is excited by the potential and high volume movement in the market. At the same time, the choppiness in the waters represents the prevailing concerns about inflation, the pandemic, supply chain issues, and China's weak economy. In other words, the bears and the bulls are at loggerheads, and it's tough to predict the markets under those conditions.  That's why we rely on our indicators and wait for the right signals to tell us when we should enter a trade. Both of our main indicators on AAPL are bullish right now, but we're waiting for our entry alert to fire before making a move. That's the value of having a system that works. You don't need to overthink the market, you just need to wait for your system to tell you when to move. I expect a move to come soon, so if you're still on the sidelines, now's a good time to check out the Perfect Apple Trade. Hope you're doing well on this Thursday afternoon. Trade safe, Micah Lamar   Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security.Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site.The past performance of any trading system or methodology is not necessarily indicative of future results.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.All trades, patterns, charts, systems, etc., discussed in this message and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations.

 

                                                           

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