TRADING TIPS

AAPL- Is It Time to Buy or Sell?

Hubert Senters here. Let’s take a look at the market so S&P was down another $46 today so two days in a row. Let’s take a look at where it can potentially go. So we’re going to take this swing low and that swing low. Let’s see how close. We’re doing for a decent pullback.There’s a 50 percent off of the most recent swing low. Let’s reach all the way down here and pullback into June 15th so. We could pullback to right at the cloud at $3,258 to $3,179 on the ES on the Nasdaq. It’s doing about the same thing. And numbers are going to line up. So your eye should grab tilted points one, two, three, four. And then all you’re going to do is just see where you’re at like a healthy pullback would be $50 to that which it did that. And then there’s $50. And then here’s risk right on top of the third one back. And then here’s the fourth one back. And then all the way back here when it cross the cloud so once it again it could go all the way to the cloud and test that. And if it did that, that will be perfectly fine. There’s nothing wrong with that like you got to know how to trade both the upside and the downside. So far it’s looking like it wants to selloff a little bit more. Let’s take a look at the others. The Russell is not as bad but it’s also not as good. Let’s take a look at the Dow. Dow looks about the same. So I would be a pullback buyer on indexes until proven wrong and that’s what stops are for. Let’s see with Nikkei, Nikkei kind of sideways. The Dax rolled over. The Eurostoxx rolled over. The bund didn’t do too much of anything. 30-year rolled back over. The 10-year rolled back over. Gold played it kind of sideways. Not a tone of moves that you can make right here strategically because they’ve all been kind of trading together. Now, it’s interesting that the interest rates rolled back over when I think it was directly related to the unemployment numbers so. We could get a decent move in interest rates next week. We could also get some decent moves to the downside on index which we can play. Intraday we can short those and then we’ll pick long points for swing trades obviously. Silver kind of sideways nothing there. Copper bounced up interesting so next target $320 on that. Platinum back into the cloud. Crude Oil rolled over. Interesting. Feeder Cattle nothing. Live Cattle little bounce. Lean Hogs pullback a little bit it will probably go up to $65 over time. Rough Rice is a pass. Oats is a pass. Soybean Oil I’d be a pullback buyer at $32.09. Corn I like it if it probably goes $368. Soy acts fantastic $992 next target. Soybean Meal also looks great $320 and Wheat. So anything if you can learn from this is get less long on indexes and or get more long on the indexes than a pullback. And get long some Soy and some Soybean Meal. Either one of those looks pretty good. Coffee also went north. Probably going to go to $140 on that side of things. Good luck. Have a great weekend. See you next week. And see you on the next video. Hubert.

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