Investor Movement Index (AAPL)

Apples stock movement is being used by investors as a barometer for tarriff and trade negotiations.
So far this year the movement has been up and up since June. With more movement up expected to coincide with the start of Apple TV.

Apple will also report earnings later today. Investors seem to have mixed feelings on whether or not they will post a positive earnings report. With indicators, that investors expecting a gain or loss split at around 50/50.

SALE! (Buy to cover)
As a precaution to today’s news , I have locked in yesterday’s gains.

AAPL 400 x 243.90 = 97,560
AAPL 400*246.13= -98,452

Gain= $892

Pre-market ADDITIONS
COST (Costco) 400 x 295.97= $118,388
SBUX (Starbucks) 800 x 84.61= $67,688
STI (Suntrust) 289 x 69.45= $20.071

Comments

Markit Services BMI

Under 50 for first time since 2017 has hit the market hard today. https://www.markiteconomics.com/Public/Home/PressRelease/2ea84928c5d74262bbe387ec2b19d337

Be Beary Weary about Apple.

Scouting shows that earnings at Apple might drop the most since 2001. There’s a lot of volume with downward motion today... and it is my opinion that it will continue its decline. Short Position added: AAPL 400*246.13= -98,452 Mistake closed : XNET bought 1000 @ 5.86 = $5,860 XNET SOLD 1000 @ 4.85 = $4,850 Loss = $ 1,010 *lesson * don’t buy at the top, this was a possible pump and dump..at least we got out quick.

Added position to BABA

Looks like a bargain to me , BABA has floored this morning in pre-morning trading in the 169’s. Waited until 170 to confirm trend reversal and added 600 shares @ 170 prior to market open. Later morning news from Vertical Group confirms agreement in trend direction . Recommend holding until at least 180, which seems to be an important resistance point at this time.

Financial Cosmonaut

Search This Blog