AAPL is heading up, but how much longer?

We could be in for a series of Perfect Apple Trades [image] How’s it going? AAPL closed UP $3.88 on Friday, a move of almost 3%, almost closing at the highs of the day. Now, as you know, I’ve been a specialist on AAPL for over a decade. I like to look for potential long-term reversals and new channels that evolve over time, and when I did my research last night, I think we’ve discovered a new channel. [image] If this new channel is accurate (and again, I have a decade of experience identifying these things), then we’re basically at the bottom of the channel right now. That is generally thought of as a pretty decent risk/reward setup. This fits with what I’ve been studying lately. A few weeks ago, I started explaining that I thought the market was going to find a bottom and that I liked AAPL, GOOG, MSFT, and AMZN as potential long-term plays. If you’d taken that advice, you’d already be up over 8 or 9 points on AAPL alone. Our analysis continues to work, and we’re really thankful for that. And now we look at AAPL with some pretty serious upside potential. Plus, our confirming indicator has just crossed over to the bulls, which means that the cycles we trade with the Perfect Apple Trade are likely to be longer in nature. All this adds up to a very high likelihood of a Perfect Apple Trade, potentially several, printing in the very near future. If you don’t know our strategy for trading AAPL or how to receive these alerts, you can [learn all about it here](=). [image](=) The biggest mistake I think traders are making right now is thinking bearish. If you look at the long-term momentum, that mindset is a few weeks behind. The market has turned back to the bulls. But the million-dollar question becomes: how long will the bounce last? For AAPL, I want to see the stock hold above $146, which we inched above on Friday. If we float back below that, we might still be in chop zone. But if we start to run today, I would expect the market to be bullish for a while. It’s an interesting time to be a trader, no doubt. Remember that AAPL earnings are this Thursday, so be prepared for that. Earnings can create major moves, so if you don’t want to take any chances, clear any positions you have right now until you know what the fallout will be. Trade safe, [image] Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security.Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell securities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site.The past performance of any trading system or methodology is not necessarily indicative of future results.CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY.SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.All trades, patterns, charts, systems, etc., discussed in this message and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. [Unsubscribe]( Daily Core Report 1555 University Blvd S Mobile, Alabama 36609 United States (251) 652-1555