Apple stock’s resistance area

[Money Morning LIVE] Tuesday, July 19, 2022 [67 Trading Days, 12 Trades, and He Doubled His Money]( Mark Sebastian turned this bear market into a money-doubler - and he used one, single strategy to do it. No trade cost him more than $300. He calls it his number-one bear market strategy... and on Wednesday, July 20, he's going to show you how you can use it too. [Click here to attend](. --------------------------------------------------------------- Apple stock's resistance area Hey, Money Morning LIVE family, This morning on the show, we took a hard look at the charts for some of today's biggest earnings movers, such as IBM, JNJ, HAS, LMT, and ALLY ([find show replays here](. We are doing our best to make the show more actionable and compelling every day, and we think the new format is helping us do this. Ayyyyyyyy, Padre! But as to those earnings charts, Olivia Voz used her Volume Profile tool to let us know that IBM shares could have been set up for a breakout, but the post-earnings weakness has now put the stock below the Volume Profile area (bearish), and the 200-day moving average. It's important to be clear, however, when talking about stock charts. Because while this setup is very bearish for how Voz trades, a VWAP ([Volume-Weighted Average Price]( trader like Kenny Glick may still be able to find one of his intraday reversal moves with IBM. It's all about defining your levels, defining your targets, and defining your goals. Not only did we look at earnings charts, but we revisited Apple (AAPL), as well. Voz told us the shares may get a pop today, but the setup remains bearish, as she sees the $150 area as potential resistance. Weekly AAPL Chart, via Finviz We have more [LIVE TRADING]( in the free room right now - come join us! [We're live in the free trading room]( Where is the market now? During his live session today, Chris Johnson discussed an important graphic... According to CJ, we are still in the disbelief portion of this market cycle. We still have pundits trying to call the top on inflation and saying we could avoid the recession, though this talk is starting to dissipate some, suggesting we could be moving toward the acceptance phase. Kenny Glick even mentioned this week that there seem to be more analysts leaning toward the bearish sign, which could signal a shift toward acceptance of the bear market. However, this recent uptrend in stocks (likely a bear trap) could keep more people in the disbelief phase for a bit longer. Despair is the part when no one wants to buy any stock. We have seen a few moments like this, but you'll really know we're there when you see hedge funds and other institutions talk about liquidity concerns. Here is how CJ described it over in his [Night Trader]( Discord channel. You can [join Night Trader]( today to get access to the exclusive Discord and all of CJ's premium trades and analysis. Want to see more CJ right now? Check out the [indicators]( he looks for when identifying a short squeeze... [How CJ Finds Short Squeezes]( More coming soon. I'll see you all [in the chat](. Questions? Check out [our FAQ page]( here or the Money Morning LIVE [Welcome Guide](. 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