Hubert Senters here.
Had a question from a viewer what I think about Apple. I’d probably just wait until after election. You’re going to have some weird stuff going on and it’s Friday. I’m doing this video at 4:20.
You can’t really trade over the weekend. So I wouldn’t place a trade on Monday or anything. I would let the election get out of the way before I initiated new positions if you’re not already in it.
Now, if you’re already long Apple. It looks ok. The only thing I don’t like about it is the ADX right here. As you can it’s below $20. It’s at $16.02 which means it’s going to get in drift mode.
Which don’t tell us really well with the election. It’s in drift mode sideways. It’s probably going to ground your account into dust if you trade it until after election or I should say before the election.
Just be careful. It is in a two day sell. It got one bar below the cloud and a second bar below the cloud so you do have to. The lagging line is still going to hide until it crosses over there.
It will be an official sanctioned sell signal with 19 different confirmations. Overall Apple doesn’t look terrible. It’s in a valid uptrend.
If you’re a longer term investor you’re going to be looking on a chart like a weekly or a monthly not a daily. Overall it might pullback to like $104 which is about five more points lower. Probably bounce over there.
Trade Thirsty is doing a special multi-speaker even this weekend. Here are your speakers. I’m going to HYPERLINK you to this registration page. And then you can sign up by click her to register. Here are your speakers and there’s their speaking points.
Good luck. Hope it helps. See you on the next video.
Hubert.
