Wednesday 9 September 2015

2pm update - was the Ipad PRO not big enough?

US equities are increasingly weak, and even AAPL has already turned back to red. Amongst an array of various tech' updates, the new AAPL Ipad PRO at 12.9 inches.. was it simply not big enough to please Mr Market? With the sp -7pts in the low 1960s.. some of the equity bears will no doubt be getting overly excited about now.


AAPL'60min



sp'60min



Summary

So... minor weakness, and no doubt some will bears will getting overly excited, adding to the short side.

Frankly, that seems only marginally less stupid that those who have been holding short since the double floor of sp'1867. Trend into next week remains UP.

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I've eyes on DIS.. which saw an opening black-fail candle - much like AAPL, and looks set for the mid/low $102s... where I would be tempted to pick up a short term long position (target would be 105/106).


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stay tuned!
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2.06pm... LONG-DIS.. from the $102.70s.    Its typical turn time, and having seen sp' cool from 1988 to 1958... I'm holding to original outlook of upside into next week.

So... I'm long Cinderella and Jedi... ohh, and Oil too.

Tomorrow will be interesting.
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2.25pm...  moderate weakness.. with some chop..



The Hunt for Red October.... its a near perfect movie.... for a down market.