AAPL is the SECOND BEST trade in this videoDiscussed in this article: Apple Inc ( $AAPL )
Let’s talk about Apple ( NASDAQ:AAPL ). We have price alerts, it fact they’re not price alerts they’re strategy alerts, they’re based on my analysis. One that I want to show you today is about Apple ( NASDAQ:AAPL ).
I had mentioned Apple ( NASDAQ:AAPL ) back on November 13th, right here, noting that this stock was poised to move higher, you can check it out. This was an alert that was triggered and the whole idea was, because this was in a volatility squeeze, we’ve got support right down around here, the stock absolutely was looking like you was poised to move higher, this trade has been money. We were in this over on Option Market Mentor several days ago; the trades are monster trades, so this is what you missed. What are you going to get going forward?
This is free stuff, this isn’t on the website, this is right here right now. I think you’ve got to look back at Apple ( NASDAQ:AAPL ), look at this type of bowl pattern, and by the way I’m not an Appleonian, I’m not one of these guys that’s been bullish on Apple ( NASDAQ:AAPL ) all along. In fact frankly, I was on CNBC somewhere around here, I think it was around 500.00 maybe 550.00 saying that you’ve got to short the thing. The reason you want to short it is, it’s actually kind of simple, the uptrend was broken, the 20-period moving average here, but the 40-week moving average, which is the 200-day moving average, was broken there, so this is the time you want to short this stock.
The reason I’m saying that is I’m not a guy that pounds the table all the time on Apple ( NASDAQ:AAPL ). To me it’s just a ticker, AAPL, take off the “L” and its Advanced Auto Parts, it doesn’t matter to me. But when I look at this I see where the stock has been, where the stock could go, I don’t know anybody who says that Apple ( NASDAQ:AAPL ) is not a good value, they may not like the product but this is a good value. So nowadays when you’ve got a stock like this starting to move higher, the professional money managers know, they get it, they understand the company. This is the type of stock that they’re going to be chasing into the end of the year.
I hear a lot of folks, bears, talking about the market’s gone up so much, it’s not going to go up anymore this year, that stupid, blah, blah, blah. I don’t think it is at all, this is a fed driven rally, and the question is not whether the market is going to go up into the end of the year, I think that’s a given. The question is, which stocks are the ones that we want to be in as we go into the end of the year?
I’m telling you this is one stock that’s going to work, it’s going to totally work, it has been working, don’t expect it to go up every single day. Low liquidity Friday, I would imagine the stock’s going to move up further just because it’s an illiquid day, and stocks that are in motion tend to stay in motion. We’re not going to get this stock advancing every day, but I’m telling you, between now in the end of the year Apple ( NASDAQ:AAPL ) is going to be higher than 545.00. My bet is frankly, let’s say 600.00, okay? Can it move that much higher before the end of the year? Dude, its 11/27, its November 27th, stock moved 13 points today, yes it can move another 60 points in a little over a month.
So that’s my take on Apple ( NASDAQ:AAPL ) I think you want to get long, I want you to stay long.