No, the stock market has to keep tanking until January 2015 options or Leaps flush out of the system. It is very possible we will never see another green day in the next two weeks.
Then a small rally in early February. But a big crash is coming from mid February to mid March.
Basically people have any gain in 2014 will lose that gain before March. Then some. That is how Wall Street operates.
Sentiment: Strong Sell
MM like round numbers. Probably will end the day at $105. But it should stay around $106 and fall to $105 in the last 5 or 10 minutes.
AAPL is very stable. I think $117.50 is Tuesday close. Depending on the earnings, OPEX is $110, $115, or $120, with $120 being the most likely.
But it has to be to be functional. Wait for the second generation when they are able to shrink it.
Also the market has priced in not the best scenario of iPhone but also iWatch and ApplePay. Apple is not worth $120. Will go back to test $110 especially the general market is tired and ready to pull back.
MM are never wrong on AAPL. Yesterday they priced options in that AAPL will never move $10 in the rest of the week. To make money for MM, $8 or $9 is the max move MM will allow. No surprise AAPL hit $118 and retreated. Ideally AAPL will expire at $110 this week to maximize profits for MM.
Did you see it? iWatch must be the thickest watch in the world. It is too ambitious to put an entire computer inside a watch. It is still not realistic even they cut down functionality.
Unemployment rate drops to below 6% already. It is time to raise the interest rate. Short term shock to the stock market but it is right thing to do and since no one is expecting it, few will profit from it.
MM don't want to pay weekly options buyers. Most likely $115. Could be $112.50 or $117.50 depending on general market condition.
$120 is a very hard resistance for AAPL. Even AAPL could rise to above it, it will take at least a few tries and at least a month IMO. Better action for long is to take profits and stay on the sideline. See what charts tell you.
I have seen other smart watches. Compared to the closeup CNBC shown on iWatch, it is really thick compared to others.
Not good. The most likely OPEX price is $117.50. If you short at $118, you can still have $0.50 profit per share. And it is the only play here.
Back to $117 again. IMO it will test $118 many times to see if AAPL can make new 52 week high. So AAPL will be stuck at a tight range between $115.50 and $118 for the next ten days or so.
The new 52 week high is very hard to break due to the general market condition. I think it will take at least seven tries if AAPL can do it at all.
Today is the only 2nd try.
Because Tim Cook is not straight with you. He knows iWatch is a flop and pretends to be enthusiastic at it.