I bought it at seven dollars twenty cents on friday and it opened yesterday below that.

Thx for sharing that. In a way, by stating I am passing on an AAPL long, at least at this time despite the clearly objective entry at support & potential second entry on a trendline breakout, is to share that my convictions on the trade panning out aren’t very high at this time.

Maybe soon. Maybe very soon. Personally, I need to make a pretty solid case before trying to step in front of a rally like this but watching it every day & will share anything compelling that I see in the charts.

I don’t. I drew those arrows as potential price targets (at arrow breaks) for those that are bullish and want to go long the stock. Again, my job is to post technical analysis & trade ideas, whether I take the trades or not.

While I put less than favorable odds that AAPL will rally off this support and/or break out above that downtrend line & rally from there to hit any or all of those targets (and hence, the reason I’m not taking it for now), that doesn’t mean that it can’t or won’t. I’m simply passing along the trade idea for those that do expect the stock market and/or AAPL to rise substantially from here.

We’ve had some of the initial minor (white) support levels on the market-leading tech stocks I posted the other day taken out although not the more significant yellow levels. We also have a fairly thick economic calendar this week & I still suspect those yellow support levels are likely to be taken out soon, quite possibly this week.

I posted the AAPL trade idea for those looking for long side trade ideas as well as those that have been waiting for an objective long entry on AAPL. Just because a stock offers an “objective” long or short entry doesn’t mean I will always take it, especially if my expectation is that the (in this case) support level is likely to be taken out soon.

I’m not shorting AAPL, just not taking it long for now based on my own personal outlook for the stock market & that particular stock but others might have a different outlook & trading plan.

I think the potential move in nat gas is immense. don’t know about timing. i never do.

How’d you get stopped out of UNG overnight? Do you mean in the AH session? Either way, nat gas still looking good IMO & remains well above that uptrend line off the recent lows as well as the initial entry or the first pullback entry/add-on.

I posted Bitcoin as a short setup but not actionable trade back in Dec but not only didn’t post any sell signals in Jan but on the contrary, posted Bitcoin as a LONG trade idea on Jan 23rd, stating that Bitcoin was an objective long entry at the time having fallen to support within a bullish falling wedge pattern with positive divergences to boot & that it would trigger additional objective long entries on a break above the wedge (which it did). You never post taking any of the profitable trades here and that is fine but please don’t post inaccuracies or outright false statements.

https://youtu.be/MahJHHmnHMc?si=uUOSJ87z7ZCoLN5x&t=2148

https://rightsideofthechart.com/bonds-commodities-precious-metals-analysis-1-23-24/

https://rightsideofthechart.com/swing-trade-ideas-1-29-24/