Futures presently down and NASDAQ also.
AAPL facing different headwinds: slowing smartphones sales,
Amazon facing higher taxes in Europe and Chinese smartphones
manufacturers eyeing the US market.
Yeah I imagine that first day orders are going to be hard to exceed, at least until the next model, but then that should have been expected shouldn't it? You'll never beat first sale pre-orders with the kind of runup they gave this product, not with the first iteration. Expect the impossible before you'll believe the obvious and you're going to have one HECK of a time finding something to invest in.
3 years ago, Memorial Day kicked off a 12.35% Bullish Run.
4 years ago, Memorial Day kicked off a 8.67% Bullish Run.
5 years ago, Memorial Day kicked off a 12.48% Bullish Run.
6 years ago, Memorial Day kicked off a 15.12% Bullish Run.
Sentiment: Strong Buy
there isn't one, a true C&H requires a rounding bottom and USUALLY, but not always, involves a change of trend. AAPL is within a couple points of retesting the ATHs, it remains in an uptrend that is now under threat of reversing. The TA "experts" here are a joke and only see Apple shares through red delicious colored glasses.
The real play is to sell the rips here now, and that has been the game since ER/CC.
why didn't we race higher on Friday, or maybe simply hold the gains? Yellen has already spoken, the resulting response was muted, futures mean very little up here. Goldman even has begun telling clients that headwinds are finally here for EQUITIES, all equities in general, and that recessionary red flags are planted everywhere now. How do I know? Because we are one of those high net worth clients.