Daily Archives: June 24, 2011

The Daily Spy Trade (Public)

NOTE: This post only becomes public once the information is dated and well after the close of trading. To get live coverage and instant text notification of the SPY trade & Apple commentary, please subscribe to Bullish Cross.

COMPLETED TRADE: Short SPY at $128.15 on Friday, June 24, 2011 at 9:40 AM. Covered SPY Short position at $126.93 at 12:54 PM on Friday, June 24, 2011. Gain of $1.22 on the trade. Continue reading

The Daily Apple Commentary (Public)

NOTE: This post only becomes public once the information is dated and well after the close of trading. To get live coverage and instant text notification of the SPY trade & Apple commentary, please subscribe to Bullish Cross.

9:54 AM — One thing everyone should be aware of with Apple right now is this. So as those of you that follow the daily Spy trade know, the SPY is severely overbought right now and will see some short-term pressure. This will probably also impact Apple. Now it’s important that Apple not form the following pattern, because it’s pretty bearish:

This looks like a bearish rising wedge with overthrow. Patterns change all the time depending on the move made after the formation. For example, our inverted head & shoulders ended up looking like ascending triangle, breakout like an ascending triangle and now because of the new leg-up, it looks like a rising wedge. It only concerns me right now because of the SPY’s overbought condition. Bu it’s only merely a concern and nothing to fret about just yet. Continue reading

A Brief Look at Apple’s Stock Seasonality

Just like with any other sector, it is important to realize that Apple’s stock price trades in a very distinct and consistent seasonal trend. Apple tends to perform much better in the second half of the year than it does in the first half. This has been the case for nearly 10-years now.

What we usually see with Apple is the start of a major rally which generally begins sometime between the months of July and August, and which ends sometime in months of January or early February. We’ve seen this happen on so many occasions. Continue reading