chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
|
Post by chinacat on Jun 4, 2019 5:34:30 GMT -8
|
|
|
Post by carbonate24 on Jun 4, 2019 6:56:52 GMT -8
Nice day for AAPL so far. It's a nice change from the beat-down the stock has seen since a few days after the last earnings. I try to remind myself that Apple beat their fQ2 estimates and guided above the consensus range for fQ3, so all should be okay for AAPL in the long run. I even picked up a couple of extra shares this morning, even though I missed yesterday's lows by a bit. I still need to watch all of the WWDC, but I'm a big fan of the 'sign in with Apple' option. I've never used the 'sign in with Facebook' button on anything, and a number of times, it was that option which ultimately drove me away from a website I was visiting. Facebook should only know what I voluntarily put on facebook. It's nice to see Apple come in with an alternative.
|
|
|
Post by sponge on Jun 4, 2019 8:14:03 GMT -8
Today’s move so far was well needed to stop the bleeding. June traditionally is when we visit the low of the summer, and maybe yesterday was it. It will depending on guidance in July.
There are a couple of gaps that I am now watching as we go up. One is at 182 and the second at 197. To get to the second one we must have some positive news on the trade negotiations.
I watched the presentation last night. There were several highlights that caught my attention.
The increase in speed in iOS 13 was impressive. The split screen in iOS Pad was also very functional.
The porting of apps to MacOS and the one click sign in were the biggest news for me. Those two features will help drive sales of the Mac and make iPhones much more functional.
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,111
|
Post by Dave on Jun 4, 2019 11:22:02 GMT -8
Today’s move so far was well needed to stop the bleeding. June traditionally is when we visit the low of the summer, and maybe yesterday was it. It will depending on guidance in July. There are a couple of gaps that I am now watching as we go up. One is at 182 and the second at 197. To get to the second one we must have some positive news on the trade negotiations. I watched the presentation last night. There were several highlights that caught my attention. The increase in speed in iOS 13 was impressive. The split screen in iOS Pad was also very functional. The porting of apps to MacOS and the one click sign in were the biggest news for me. Those two features will help drive sales of the Mac and make iPhones much more functional. Thanks Sponge, you were right on about the 173 gap fill. I’m guessing that there will be a lot of resistance at the 200 day MA going up.
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,111
|
Post by Dave on Jun 4, 2019 12:14:49 GMT -8
Well, we closed close to the high of the day. Usually a good sign. Hopefully tomorrow will be a repeat.
|
|
4aapl
Moderator
Posts: 3,646
|
Post by 4aapl on Jun 4, 2019 12:26:12 GMT -8
Well, we closed close to the high of the day. Usually a good sign. Hopefully tomorrow will be a repeat. Would have been nice to see at least average volume, if not higher. OTOH, if this was a rise before more people go for it, that could give it wings. RSI was 28.06 yesterday, and 40.04 today. "What a difference a day makes...." We're still in that strange space where we know the marketwide bull market will end at some point, and the market is overdue for a down spell. Sometime. Maybe the fall and current dips are enough. More likely, they might be enough to delay the end for a bit. This time is different...in that it's not a huge frothy peak like 2001 and 2007. But with those so close, it might be a while until a peak that frothy happens again, so it's not necessarily the thing to be watching out for.
|
|
|
Post by audiosculpture12 on Jun 4, 2019 12:44:11 GMT -8
Thanks for starting us off Chinacat.
|
|
|
Post by sponge on Jun 4, 2019 16:32:27 GMT -8
Lets not forget we corrected 38% in Dec and there was no real bad news other than speculation about tariffs and anticipated decrease in iPhone sales. That was confirmed during ER, but Apple guided flat growth for Q3. I am not so sure they can do so for Q4, although the new release could provide a temporary bump in the stock.
Todays action was very encouraging Not concerned about volume, since when we hit ATH it as not on large volume over 2 months. AH is looking very strong as well, so the 182 gap should fill tomorrow. My calls that are bought yesterday are doing well, I just wished I could have bought even more.
Side note. I helped my sister buy a new MacBook Pro yesterday at the local college campus store and while there we also picked up a second MacBook Pro for my daughter. That machine is just amazing. She can't put it down and loves it. I think Apple will do sell quite of few of the new machines.
|
|