Apple Inc reinvents AI

[fstp, logo, header] June 11, 2024 [ag views, logo, header] Apple Inc reinvents AI Free AI help from (Ticker: AAPL)? AAPL getting into the AI server business? AAPL putting a calculator on their iPad? This is the first time I can remember the WDC for Apple Inc. making the stock go parabolic. AAPL has not grown revenue in 2 years and I am skeptical of AAPL getting into the AI server business so this must be the squeeziest lift in AAPL ever. [ded] Between AAPL and Nvidia Inc (Ticker: NVDA) going to the moon, they are taking over the Invesco QQQ Trust (Ticker: QQQ) and the S&P 500. Two stocks have been running the market in the last two weeks and if funds don’t own them they are underperforming. I had some AAPL calls go out Friday for small dollars but a net loss on what was a short position with AAPL just buying back stock to maintain its stock price. They finally found the right [AI message for the WDC.]( This does give a hint post FOMC I think. Stocks want to fly given any chance. Look out above this week for the SPX after the numbers tomorrow. - AG  [logo, pit profits] - Capitol Gains - DLR Jun21 diagonal calendars close for 26% gain Want to find YOUR winning fit? Give our Customer Care Team a call at [1-888-872-3301](tel:/1-888-872-3301) Monday-Friday from 9 a.m. - 5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:/support@optionpit.com)  [fomo, header, logo,] My favorite indicator flashes again Yo Pit Crazies, I did have a nice session in OP Mentoring/Pro today about pricing out the holiday coming on June 19th. The Fed moved their normal meeting time up a week to give us the one-two punch of CPI and FOMC minutes this Wednesday. This does set up a nice potential trade and some new levels for the SPX this week. Nvidia Inc (Ticker: NVDA) managed an up day after the split which i thought was surprising. Profit taking, that is for the other guy. My favorite indicator is back in action this week. It is at the lowest level of the year going into an FOMC event, let alone a 2fer like CPI/FOMC. [ded]( [Click on through and see what to make of it.]( - AG  [fprm] Dual Use is the Best Use Hey Influence Traders, As you know, I’m deep into military technology. My company, Knightwerx Inc., often submits to try and get government grant money. We build drones. We are a dual use technology company, meaning that our tech can be used in both the military and civilian sectors. The military values dual use technology. That causes me to keep my eye out civilian uses for our drone. Believe it or not, when military technology is used by law enforcement, that is considered civilian use. And that simple fact put one company on my radar screen. They have an interesting use case for drones. [Let’s Crossover to the Other Side]( - Frank --------------------------------------------------------------- Get all your DC Insider info inside of Frank Gregory's "Power Moves" Newsletter. [Click this link to sign up!]( --------------------------------------------------------------- Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. Add Option Pit Live Events to Your Calendar [Apple]( [Google]( [Outlook]( [Outlook.com]( [Office 365]( [Yahoo](   [glossary, logo] There are plenty of terms in the trading world that need explaining. The Option Pit Glossary is here to help. Today's phrase is:  Melt-up - A market up-trend that is not driven by investors buying based on fundamental values of stock. It is driven by central bank money printing intended to inflate financial asset prices, including stocks and bonds. 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