Today is discouraging. If you were bullish coming into today how can you not be thinking twice about that bias? AAPL opened up near $450 but couldn't muster any strength above that level. Don't over-complicate things peoples, that IS the level to watch. $450, that's it. Done, no other level matters in terms of upside. If the run was going to continue it would have broke $450 and ran today, but that didn't happen. Be scared bulls, and bears feel good, this thing croaks hard tomorrow if AAPL closes below $445.15. I'll be back here tomorrow regardless of what happens to stand behind my call. Extremely confident in this one.
Why do you think it is going to get bought/run up for no reason? Growth has slowed, earnings are contracting, a buyback is fine to support the price but is a poor substitute for growth. Essentially if you are buying now you think fall's products are going to reverse the slowing growth, but that is complete speculation.
Any stock that loses $10 off HOD and can only regain $2 of it while keeping in mind resistance levels is not a strong sign.
Cook and WWDC look to be a big disaster.
Re-hash of iPhone, et al won't help this stock.
With Cook as CEO, innovation is in the rear view mirror
please elaborate... how & why do you consider today's action to be bullish? think about it, if it was above $450 going into today today's gap would've been right at $460 and it would have sold off and then gone down to $451 and be at $453 (thinking in reverse here). Would that be considering bullish? Not to me, therefore I don't consider today bullish at all.