Hubert Senters here.
Let’s take a look at Apple. Bringing a lot of questions and a lot of training room and the member webinars and stuff like that. And on the free videos.
‘’Oh my goodness! What should I do with Apple was it a buy or sell?’’ Well, it depends on your strategy and what you’re trying to do if you’re a long term holder. Yeah, you should hold it. If you’re short term swing trader, you should probably sell the thing or short the thing.
And here’s why. So you got a nice little sell-off here. It went down with the market. It’s bounced up but it is not bouncing up with the Nasdaq, OK.
As the Nasdaq’s going up the Nasdaq looks pretty strong. The Nasdaq futures and Apple here basically went below the cloud bounced up to the turning line and has now got issues.
And then if you also look around here 60-minute is still below the cloud so it’s probably got more price section to fall. I would say it’s probably going to go down here and re-visit the $154 area and then we’ll see what it does after that.
Now, if all the indexes reverse and climb higher. Yes, it will pull Apple higher. But if that doesn’t happen Apple looks like it’s substantially weaker and it looks like it’s going to drop to this most recent low $154 and then down here to $150 and then down here to $143.
Mark Helweg and I are going to be doing a special webinar on ‘’The Simple Hedge Fund Strategy,’’ Thursday, February 8th at 4:30 PM. Eastern time.
Click CLAIM MY SPOT NOW to register for the webinar.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
