AAPL BOTTOMED @ 510 FRIDAY & HEADED UP TO THE CLOSE, WAITING FOR 530-535 TO SEE WHAT HAPPENSS
aapl tested and bounced off 500 monday morning and headed up to close 535 tuesday, then it headed back down wednesday and thursday and then dropped 10 points with the market friday morning, i thought it would test 500 again and break into the 400's friday but instead it bottomed at 510 before the market bottomed and headed up to close at its high around 520 friday...i think the market and aapl opens higher monday and heads up on light volume..think it opens higher wednesday also but flattens out waiting for any fiscal cliff news...i'm waiting to see what aapl does when/if it tests 530-535, 510 was a higher low than 500 on monday and aapl could be headed back to test 550 before heading back down again..i've heard a lot of tax selling ended friday, maybe thats why aapl started heading back up
ya agree for the most part apple volatility is collapsing evidence the daily diatribe of downgrades and we are not making new lows. also the new head of iOS software federighi sold $880,000 of apple stock @ $509 14 december 2012 but also exercised 3,750 options on the same date. what was his vesting price? it must be within last quarters apple price range. so this is actually bullish if he now has put the floor @ $509.
You can clearly tell that the market has been forcefully kept level last Friday, for the purpose of preventing panic selling or any other moves, not suppported be clear evidence. I think that was smart.
A big question: if they move the resolve several weeks into the next year, will it delay any tax increases by another year?