Hubert Senters here.
Let’s take a look at Apple. Got a couple questions from people going ‘’hey what about these slow iPhone X sales, is this going to affect Apple?” I have no clue. I don’t know their supply chain. I don’t know if iPhone X sales are good or bad. I don’t know how the analysts note either. But anyway let’s say they do.
Right now, it’s still bull-ish on a daily chart that has run into some overhead resistance so if I’m looking at it daily and I’m looking here at the hedge fund trader green is good. There’s the trailing stop-loss so if you’re long I wouldn’t jump out of it until it broke, $170, $169. Now, if you’re center going. No man, I think it’s going to roll over.
Well than just cheat and all cheat means is roll down into a smaller timeframe so we’re looking at a daily. Let’s go look at a 60-minute. On a 60-minute to buy here in the late market. Let’s see. You got a smaller time frame. Let’s go 30-minute, 30 minutes still there.
So I would still stand by my guns. Now, earlier in the day you probably could’ve made some money up but not much, it’s only down 17 cents. Let’s see if we can go down to the 10-minute chart. See even the late day 10-minute chart.
So for me I would still say — I mean you had to sell off here and then a run up here and then a sell off but the bars are green. I would stay long until it breaks that magical. There’s nothing magical about its math, $170 to $169 area.
Now, if you’ve ever struggled figuring out which way the trend is going where to place your stop-loss when they get in, when you get out which I know you have. If you’ve been trading the longer two weeks you’ve probably figured out this game is hard and very counter-intuitive.
Mark Helweg and I we’re going are going to be doing a special webinar on “The Simple Hedge Fund Strategy.” All you have to do is click “Claim My Spot” now to register for the webinar.
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It holds a thousand people. There’ll be more than a thousand people register for this. You’re going to increase your chance of getting a seat. You need to show up a little bit early. All right good luck. Hope it helps. See you on the next video.
Hubert.
