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With the short term positive divergence at today’s low, probabilities suggest Minute wave iii is now underway.
Apple may trade sideways for few days, or move higher.
Observing Apple Inc. Past trading history, its tough call.
Overall pattern is still bullish.
15 minute time frame, just confirmed the 5 minute minute buy signal today.
Three higher closes, on 15 minute bars.
Next upside pivot target $556.00
Elliott Wave principle perspective, from Jan 13 low, + 35 trading days would = previous Wave 1 in terms of time.
Wave 3 lasted 55 trading days.
Most Elliott Wave experts, seem to agree, Wave 5 will most likely last 35 trading days.
March 4, 2014
Invalidation of bullish pattern would be if Apple traded below $513.60
So, basically as long as Apple stays above $513.60 one should consider staying on the long side. Up to March 4, 2014
Good luck!
Jan 21,2014
Little more than a month after announcing a deal with Apple, China Mobile has received 1.2 million pre-orders for iPhones from subscribers. The mobile giant has an estimated 760 million users in its network - an incredible number of potential new customers for companies like OBJE that develop and publish gaming apps for Apple's App Store.
"Thanks to this unprecedented deal between Apple and the world's largest mobile carrier, more people than ever will now be using iPhones in China's booming smartphone marketplace," said OBJE CEO Paul Watson. "It's a market we fully intend to tap into with fun and educational games tailored for an international audience."
Read more: http://www.nasdaq.com/press-release/obje-eyes-booming-chinese-mobile-market-20140121-00070#ixzz2r21tqfvf
Report out today on seeking Alpha.
Last quarter, research firm IHS iSuppli released tear down results for the iPhone 5S handset. At the time, IHS iSuppli estimated total bill of materials ($190.70) and manufacturing ($8.00) costs of $198.70 for each 16GB 5S phone that retails for $649.00. For Apple, NAND Flash memory upgrades add a mere $19.60 in bill of materials costs to offer the 64GB iPhone 5S ($218.30 in bill of materials and manufacturing costs) that retails for $849.00. In prior years, bill of materials and manufacturing costs for the 64GB iPhone 4S and 5 were $253.00 and $238.00, respectively. These 64GB 5S handsets also sold for $849.00 upon launch. Over time, Apple has leveraged both iPad and iPhone buying power to pressure suppliers into slashing prices for component parts. The case may be made that iPhone profit margins have actually expanded through product maturity. As such, market share data that includes bargain bin phone offerings out of Apple rivals may be rendered largely irrelevant in regards to long-term investment returns.
Apple iPhone Competition Lacks "Killer App"
Warning if your short: Might want to cover.
Tuesday going to be rough on the those who are short.
Tuesday Apple huge gap open!
To the upside.
$560 coming!
Apple Inc. Stock spilt of 10 to 1
Would be sweet!
Monday, January 20, 2014, 07:55 am PT (10:55 am ET)
Apple may have sold upwards of 60 million iPhones over holiday quarter
By Shane Cole
With Apple set to report first quarter financial results next week, many Cupertino-watching analysts are predicting the company to have sold a record number of iPhones during the 3-month period that ended late December.
Source: Fortune
Each of the 44 analysts whose predictions have been collated by Fortune's Philip Elmer-Dewitt foresee sales of at least 50 million handsets, with a consensus of 55.3 million units that would represent a 16 percent increase in sales from the year-ago quarter. The panel consists of 27 professional and 17 independent analysts.
Merill Lynch's Scott Craig is the most bullish of the professional group with an estimate of 58.5 million units, while Pacific Crest's Andy Hargreaves brings up the rear with 50.93 million.
Most well-known names skew toward the upper end of the range. Deutsche Bank's Chris Whitmore predicts sales of 58 million handsets, Evercore's Robert Cihra sees 57 million, Piper Jaffray's Gene Munster comes in at 55.5 million, and Cowen & Company's Timothy Arcuri has Apple penciled in at 55 million.
The list is bookended by independent analysts with a connection to the Braeburn Group, a loose affiliation of amateur Apple watchers led by Faizal Kara's 59.73 million unit projection. Ilari Scheinin presents the bear case with an even 50 million units.
While the first quarter does not include sales from the long-awaited China Mobile partnership, it does include those from another new Asian carrier partner, Japan's NTT DoCoMo. Apple will reveal their final numbers on Jan. 27.
Jan 20, 2014
CIRP: Strong start for iPad Air
By Philip Elmer-DeWitt January 20, 2014: 7:01 AM ET
Survey says the two models released in Nov. accounted for 57% of last quarter's iPad sales.
Click to enlarge.
FORTUNE -- When it announces its quarterly earnings next Monday, Apple (AAPL) will tell us how many iPads it sold in the holiday quarter. But it won't say how many it sold of each model.
For that we turn to Consumer Intelligence Research Partners, which surveyed 500 Apple customers who purchased an iPad, iPhone, or Mac in the U.S. between October and December. Fortune got an early look at the results. (See attached spreadsheet.)
The findings suggest, according to CIRP's Josh Lowitz, a strong start for the new models that went on sale in the middle of the quarter -- the iPad Air on Nov. 1 and the iPad Mini with Retina on Nov. 12. Together they accounted for 57% of iPad sales among CIRP's respondents, despite the availability of lower-priced iPads.
"These results bode well for the new iPad models," said Lowitz. "iPad Air sold especially well given that Apple has three other iPad models for sale."
The impact should be felt in the iPad's ASP -- the device's average selling prices.
"Apple managed to shift significant sales to its higher-priced models," added CIRP co-founder Mike Levin. "For the past year, the legacy iPad 2 grabbed from one-quarter to one-third of iPad sales. Along with the trend toward sale of models with larger storage capacities, Apple should see higher iPad average selling prices, with iPad 2 at only 5% of total sales and iPad mini sales split between the original model and the new iPad mini with Retina display."
Posted in: Apple, CIRP, iPad, iPad Air, iPad Mini with Retina
During this era in Japan, Munehisa Homma became a legendary rice trader and gained a huge fortune using candlestick analysis. He is said to have executed over 100 consecutive winning trades!
Observe Fridays candlestick pattern.
Apple closed at major support level.
Now, go back in Apple price history, going back to July 2013
Apple Inc. Created 10 daily such candlestick pattern as on Friday.
9 out of 10 the next day of trading, saw Apple shares pop higher.
Many factors may have effected Fridays candlestick, long three day weekend.
$552.00 to $560 pivots will be key price points to watch this week.
Tesla recently hired Doug Field back in Oct. Apple Inc. Top employee.
Jan 7, 2014 Tesla hired another Apple Inc. Major employee, rich Heley.
Tesla not too interested in hiring Googles employees at the moment.
Makes one wonder!
Andaan Ahmad, an analyst for Germany’s Berenberg investment bank, called on Apple CEO Tim Cook to buy Tesla Motors. Ahmad thinks Tesla will be one of the great automakers of the 21st century, and that the income from Tesla’s operations will give Apple a sustainable income as the market for smartphones and tablets becomes increasingly competitive. Everyday there are more players and innovations in the market, and Apple’s domination is slipping with each new product launch.
Read more at http://cleantechnica.com/2013/11/03/apple-advised-purchase-tesla-motors/#U2Yw4ZRZGbG2z6wL.99
Apple Inc.
Buying Tesla?
Apple Lands A Big One
Yesterday, China Mobile announced that it had finalized a deal with Apple (NASDAQ:AAPL). This deal has been 6 years in the making and earlier in the month it was rumored not to be doable which made the stock of Apple fall. So just how big is the market for Apple with China Mobile?
To put the Apple China Mobile deal in perspective, the number of subscribers that China Mobile has is twice the population of the US. I think that gives us an idea of just how big the potential market is for the Apple iPhone in China.
About a month ago, I did it in-depth analysis of Apple showing where we thought the stock could go in the next month or two. You can see that analysis right here. It is well worth a visit if you missed it the first time.
The sale of the iPhone goes into effect on the 17th or 18th, of January depending how you count time, remember China is 13 hours ahead of the US. Apple is also scheduled to announce earnings on the 23rd of January. I expect the stock of Apple to remain positive up until that point. I expect at that time the market will have improved and more than likely will have created some sort of interim top as the China Mobile deal gets digested.
Tim Cook, the CEO of Apple has promised some exciting new products in 2014, it is going to be interesting to see what new products Apple has up its sleeve. I expect to see an iWatch and possibly a new Apple TV which is another hotly talked about rumor.
There is even talk about Apple purchasing Tesla to get into the electric car business. Whatever Apple does it's going to be in interesting year for this company and its stock. I'll be closely watching Apple closely in 2014.
Also On My Radar Screen Today
In addition to Apple, I'll be updating my view on the major stock indices, along with gold and the dollar.
Additionally, the company on Dec. 18 announced two appointments that strengthen the Company's strategy, marketing and operations. James S. Mackey was appointed Executive Vice President for Corporate Development and Strategic Planning, joining the Company with years of experience executing highly successful corporate strategies that drive growth.
Apple today posted a new job listing seeking a Maps Web User Interface Designer to "design, develop, and maintain complex front-end code for a new secret project."
Christmas Wish List!
Survey Says iPhone, iPad Top Kids’ Wish List
November 7, 2013
In a CNET article, author Chris Matyszczyk discusses a survey that puts iPhone at the top of young people’s holiday gift list. The survey, conducted for shopping website Ebates, asked 12- to 17-year-olds which gadget they most crave, and iPhone came in first. “These kids know their brands, and only 12 percent of them were most desperate for a Samsung Galaxy phone, as opposed to 32 percent for Apple’s offering,” Matyszczyk writes. “Indeed, the second most desired gadget was another Apple product: the iPad.” Read more: news.cnet.com
Jan 27, 2014 Earnings numbers
IPhone as number one and iPad as the number two desired gadget.
WOW! How many companies can claim that?
Apple Devices Flow Into Corporate World
January 10, 2014
In The Wall Street Journal, tech reporter Daisuke Wakabayashi describes how Apple is expanding its reach into the business market. “The iPhone has replaced the BlackBerry as the mobile phone of choice, as the iPad assumes tasks once reserved for PCs,” Wakabayashi writes. He notes that “Apple is going mainstream” when it comes to the corporate world, and he profiles multiple large enterprises — including SAP, Nordstrom, and Cisco — that have rolled out iOS and other Apple devices to their employees. In fact, according to Good Technology, “More than 90 percent of all business apps were deployed on Apple’s iOS mobile-operating system in the third quarter.” Read more: online.wsj.com
Japan doctors have also created App on Apple Inc. To perform liver operations on humans.
China Mobile agreement last week.
Jan 13, 2014 to March 4, 2014
35 trading days.
As long as $515.00 holds as long term support.
Elliott Wave Analysis suggests Wave 5 is the primary count.
Upside target $600 to $625
$600 most likely.
$600 could come as early as March 4, 2014
Key next week would $560 levels.
The bullish primary count really needs for Apple to make run to $560 pivot point.
Once Apple breaks above $560 odds that Wave 5 has started goes up to around 72%
If anyone thinking of buying PUTS on Apple.
Wait until March 21 at the close, buy April puts.
That will give you 14 trading day reward.
Apple is moving higher for next 49 trading days.
At least until March 21, 2014
Apple Inc.
21 day EMA which is at $547.56
RSI 2 day period at 21.78
Apple only 4 trading days into possible 35 trading day advance.
If this Wave 5 = previous Wave 1 advance.
Monitoring 21 day ema and Apple price, Apple really oversold, RSI 2 at 21.78 confirming the conclusion. Fridays option buying interest at $560 Strike price for Feb 2014 confirms it.
If Tuesday Apple opens flat, we can expect slow advance, lasting 35 trading days.
But if Apple opens with huge gap above $560
We can expect shorter wave 5 advance.
Shorter in time.
July 2013 price action from $393.19
Is our road map ..
Next week Apple should reach at least $560
This will confirm that our Elliott Wave analysis is on track.
Apple Inc.
21 day EMA which is at $547.56
RSI 2 day period at 21.78
Apple only 4 trading days into possible 35 trading day advance.
If this Wave 5 = previous Wave 1 advance.
Monitoring 21 day ema and Apple price, Apple really oversold, RSI 2 at 21.78 confirming the conclusion. Fridays option buying interest at $560 Strike price for Feb 2014 confirms it.
If Tuesday Apple opens flat, we can expect slow advance, lasting 35 trading days.
But if Apple opens with huge gap above $560
We can expect shorter wave 5 advance.
Shorter in time.
July 2013 price action from $393.19
Is our road map ..
Next week Apple should reach at least $560
This will confirm that our Elliott Wave analysis is on track.
Apple Price Chart foundation ( base) Feb to July roughly five month solid foundation.
Thickness $465 to $385 in advanced technical analysis 6 month to five months durations are considered solid enough to support skyscrapers price advances.
Elliott Wave theory, Wave 1 of potential five wave pattern: started at the July lows.
Time duration was 35 days, which matches 34 Fib number.
Wave 3 of potential five wave pattern: started in the middle of Sept and its duration lasted 55 days. Which is perfect matching number of Fib 55
So we have valuable knowledge here.
Wave 5 started on Jan 13, 2014
It should be similar to Wave 1 time span, 35 days.
Taking Apple into Feb trading.
Now currently projecting upside price targets, within Wave 5 can be tough task.
Wave 5 by rules, has no limits.
Only Elliott Wave rule, is wave 3 can never be shorter than wave 1 or wave 5
There are no rules, on Wave 5 progress.
$600 to $630 to $700 or maybe even $1,000 per share is possible.
Elliott Wave itself has limits, it can tell you if the race track is fast or slow.
And what the most possible future outcomes based on past history of the wave structure.
But social moods can change in flash!
Best one can offer, is we have pattern unfolding from July lows, we have plenty of past history of wave 1 and wave 3
We have clear invalidation, line in the sand.
There nothing better than exhilarating rush! Of riding powerful price action. It can be liken to your first electrifying kiss. Or perhaps your first encounter of sky diving.
I'm observing strong buying in the $560 Feb 12 calls.
I observing Jan 13 strong hourly money stream, which suggest someone pouring working capital into Apple as the price falls.
Wave 2 correction often are deep.
Followed by wave 3 of 5 stronger move higher.
That's where the exhilarating rush starts to kick in.
Confidence in your analysis, is crucial for success.
Apple making mega deals currently, and from what I can observe sales at Apples stores are on FIRE!
$62 billion maybe revenue maybe?
Catch a Wave and you'll be sitting on top of this world!
Its all about finding the ultimate ride!
Eve tempted Adam with an ________.
$600 coming!
Dec 19 to Jan 13
Apple money stream on hourly time scale, huge ratios of money is buying shares.
Price action going down in the same period of time.
But someone is buying.
Not buying at normal rate.
Money Stream displaying major bullish divergence.
Who's buying?
What do they know?
Perception can change in flash with stocks.
Jan 13, 2014 Was magic moment for Apple shareholders.
I was 100% SHOCKED, stunned at the TSV indicator all of sudden turned above its moving average and closed above.
Then came the China mobile agreement.
Six long years in the making to close that deal.
Price action will swing from bearish to bullish in short time spans, but its larger picture.
Trend major wave.
The means justify the end results.
Apple not easy stock to trade.
Wild swings!
She's often unpredictable, get mood swings..
My mood ring, balance of power software, has her in green mood at $540
Apple Inc. Modern day Tina Turner....
Apple Story is about its founder Mr. Steve Jobs the Armenian who had a dream, vision.
Mr. Kirk Kerkorian Armenian from Fresno California less than $1,000 to his name, had dream, vision for Las Vegas.
Largest Hotel in free world, International hotel know as Hilton hotel was Kirk Kerkorian first project. Elvis King of rock n roll brought the public to largest hotel.
Then, Kirk Kerkorian next project MGM Grand hotel.
Kirk Kerkorian net worth grew to $16 billion.
Today, ARIAS span Las Vegas skyline with MEGA BILLIONS resort hotels.
Mr. Steve Jobs vision, dream set the stage for next wave, CEO Tim Cook along with BILLIONS! of Research and development highly educated team players.
Are just riding the next wave of Internet to new levels.
New dimensions.
One generation passes then next generation takes over.
Apple Inc. Trading at $1.00 per share.
Bank of America today with $685 billion in pure cash.
Janet Yellon speaking of doing more QE
China Mobile agreement really came at right time, Jan 13 price action spokes volumes, of what's ahead in terms of value for shareholders.
If Apple reports surprise in earnings on Jan 27
Given the current wave structure pattern.
Easy $600 to $625 on short term time frame.
Stock market is all about PROFITS.
And now is the perfect time, to SHOCK WALL STREET and post surprise earnings results.
Every money managers in the world, buying like crazy.
Not going to be GREAT release.
Its going to be SURPRISE!
China mobile deal was just part of the surprise.
NEXT TIDAL WAVE in price action is already underway.
Nwnum
Has anyone every seen 13 day trading triangle? Wave A
Then 13 day trading triangle Wave C?
A-B-C Triangle from Dec 5, 2013 to Jan 13, 2014 in Elliott Wave principle it's called SPECIAL Ending DIAGONAL TRIANGLE
Mr. Ralph Elliott himself along with Mr. A.G. Frost his partner, studied well over 1,000 such charts.
Their final analysis: SPECIAL ENDING DIAGONAL TRIANGLE is very rare price pattern, mainly only found in STOCKS.
In nut shell:
Mr. A.G. Frost analysis determined what reverse the direction all of sudden, from down trend correction, was EARNINGS SURPRISED!
SHOCK EFFECT!
Prices had become so undervalued over long period of time, that along with future potential for earnings growth beyond the normal past and new products, coupled with released of the companies EARNINGS SURPRISE!
DEMAND all of sudden shifted into high gear for the stocks shares! prices exploded beyond most people wildest dreams.
Now, ponder the current psychology of both the general markets and Apple.
We are in earnings period, companies gave been reporting lower than expected earnings.
Apple all of sudden, reports $62 billion in revenue after reporting mind blowing China mobile agreement along with rumors of 12.9 inch Tablet.
Don't look at the Daily price action, observe hourly price action.
21 trading hours, 34 trading hours.
Now observe Apple Daily close on Friday.. $540
Look back when Apple traded at $540
Observe how many trading hours Apple ran up from $540 to $570
Dec 19 to 24
23 trading hours: 30 some point move.
Why do you think every Elliott Wave Analyst is all sudden interested in Apple charts?
Liken to once in lifetime 55 year cycle TIDAL WAVE!
Movie Point Break... Everyone running from the beach, only the best of the best TRADERS with NO fear!
Will be able to RIDE this TIDAL wave!,,
Jan 27
After hours!
Apple going to Shock the world AGAIN!
Steve Smith Elliott Wave Analysis
http://pugsma.files.wordpress.com/2013/11/pug-aapl-4-hr-eod-11-29-13.jpg
Elliott Wave International put out their Apple Inc. Count yesterday. Projects to $600
Lara she put out video of Apple Inc. Which targets $600 her video was on Jan 9, 2014
I don't know, one Elliott Wave professional who has bearish count.
Consensus is for $600
Looking good..go Apple
Apple Inc. 144 trading minutes from 560.19 high.
Clear Min wave a -b-c counter trend
Then, clear 1-2-3-4-5 min price action wave higher to complete the entire impulsive price action from $528 lows.
144 Fib number.
1-3-5-8-13-21-34-55-89-144
Only deduction one can draw from the entire price structure.
Answer: five wave pattern.
Direction higher.
Evidence currently only support, this entire sell off will be A-B-C pattern.
5-3-?
First price action from lows, 8 waves.
Next price action should be 34 waves.
Most likely $600 as the target price once 34 price action waves unfold.
If the 144 minute price action to $560.20 never unfolded.
I would have to state, Apple price chart, is bearish.
Odds favor Apple stock moving higher.
5-3-5 sequence!
Go Apple $600
Answer: only way to tell the difference from male sardine and female sardine?
By the tail.
Male sardine tail will be 1 cm longer than the head.
Apple hourly progress from $529.88 lows.
Only way to tell the pattern was three waver or bullish five waver.
19 trading hour, made higher high at $560.20
That small movement made all the difference.
Three white candlesticks ..
The psychology, social mood.. Is that Apple will beat expectations with earnings.
Trend is your friend!
Buy the dips!
Proper Analyst of price action within an Elliott Wave pattern, takes skill to make deductions properly.
Example: place two sardines on your dinner plate.
Now, determine which is male sardine and which is female sardine.
Basic tenets, call often to tiny details.
Apple hourly price data, from Jan 13 low of $529.88
Apple made 8 new closing highs, on 60 minute bars.
8 is a matching number.
19th trading hour, Apple price action hit $560.19
The wave structure is five wave pattern.
If it was wave four counter trend movement, it would of unfolded in three wave hourly structure.
Five wave was impulsive.....which implies,, Apple price action wanted to move higher..
Counter trends are always three wavers!
First trading hour from Jan 13 low $529.88
Engulfing candlestick...
$529.88 ------line in the sand!
Apple could trade below $529.88 from a Elliott Wave rules.but that would be very rare pattern.
Wave B often will throw over..
But wave 2 often just retrace 100% or 61.8% 50% or 38% of wave 1
Apple Inc. Next price action would be start of powerful wave 3
Potential for $600 out weights any bearish case at the moment.
Apple would have to trade to $513.00 before I would change my opinion.
I'm just stating facts, facts facts...
Evidence is very clear.
There no evidence that supports bearish stance as of yet.
Buy the dips still should be our stance.
$600 is my call..
Apple Elliott Wave Primary Count.
Targets $600
There is just no other way to look at Apple current daily chart pattern.
I'm getting several private messages, placing my analysis posts on ignore. That's fine.
Key to Apple daily chart pattern, three white candlesticks to $560.00 gave the CONFIRMATION of bullish Elliott Wave count.
Larger Elliott Wave pattern: Wave A B C pattern.
Invalidate this pattern.
$513.00 even
Bearish count: has serious rules violation, wave four can't enter wave 1 zone.
So only deduction from Elliott Wave perspective, its Wave A B C pattern.
Currently Apple just correcting previous wave 1 of five.
Apple may trade lower on Tuesday..
$600 has huge potential.
50/50 odds Apple direction.
Based on technical analysis perspective, one could make solid case for bearish outcome from today's close.
One could make solid case for bullish outcome as well.
Apple closed at inflection point.
Its boils down to your confidence level with your own analysis.
Money stream, every time Apple was about to breakout in the last two days, stopped, cold!
Selling volume, very low.
Why?
Very interesting period in the markets here.
Long weekend...
New York Federal Reserve who conducted the study.
http://www.newyorkfed.org/research/staff_reports/sr4.html
Apple current pattern, inverse head and shoulder pattern
Measures to target price of $625
My time projection study is showing it might come as early as Jan 28
So the potential is there based on price charts.
63% chance
Good luck
Apple complex inverse head and shoulder pattern: upside target measures to $625
Time target could be as early as Jan 28
Federal reserve conducted study of head and shoulder.
Just google it.
Federal reserve spent some major dollars, on the study.
Apple has always traded in wild swing pattern.
Just typical bullish trend type of pattern.
Accumulation is ofn going at levels, expect maybe next week huge gap open.
Its Friday! Be Happy!
Apple Inc. Trend is still up.
Analyst perspective that's the only conclusion one can draw draw the data.
Now, from putting aside your analyst hat.
From traders perspective, $548.10 has the potential but its on low volume.
Just buy the dips!
Trend is still up.
Target $563.00
$556.85---------------
$554.30------------buy signal
$552.74-----------Line in the sand......today's trading pattern remains a go, as long as Apple trades above here.
Everything looking good so far.
Right now cnbc
Turn on cnbc getting ready to speak
Trading index 1.85 tick -300
Apple testing gap open level. $550
Five minute timeframe from lows today, still has buy signal.
No sell signal as of yet.
Stop loss at $552 would work on this trade.
Markets waiting on Bernanke speech.
If the buy signal holds, Apple upside target is at $563.00
Could come as early as today at the close.
Buy signal generated at $554.50
TSV closed above moving average.
Three five minute bars with higher closes.
Money stream turning up.
Stop loss, anywhere below your entry.
$552.00 area.
Upside target $563.00 could come as early as today's close.
Apple most likely testing the open gap.
Lets hope it holds.
Five minute bars, three consecutive five minute bars, with higher closes.
Would be the signal to buy.
Bank of America cash position $685 Billion
Apple Inc. Cash position $150 Billion
Who might buy who?