Simple Trading AAPL 17 May 2016

AAPL W 17 May 2016


Current Trend (W): Down

Abv/Below Value Zone: Below

Next Scheduled Report Date: 19 July 2016

52 Week High: $132.97

52 Week Low: $89.47

Current Relevant Resistance: $113.00

Current Relevant Support: $90.00
Recent Close: $93.49

Comment: Seems I just posted a note about AAPL… Following high profile exits from notable hedgies and despite Warren Buffett wading into the fray on the buy side and a Lion of an upgrade to be announced tomorrow, AAPL looks to be in trouble here on the weekly chart.  The horizontal channel shown is resistance all the way up to $101ish.  If we break $90 to the downside the stock (and the Sage of Omaha) could be in for quite a ride.  That said, if the stock somehow manages to make it all the way back up to the top of this channel at that $101 level, buyers have a chance… but not much of one.




Stalk Candidate UEIC Update 8 April 2016

Universal Electronics [UEIC]

Weekly Chart


UEIC W Closing 8 April 2016



Daily Chart

UEIC D Closing 8 April 2016




Current Trend (W): Up

Abv/Below Value Zone: Above

Next Scheduled Report Date: 5 May 2016

52 Week High: $65.81

52 Week Low: $40.28

Current Relevant Resistance: $64.00

Current Relevant Support: $61.20
Recent Close: $62.18

Comment: UEIC is showing one of the best Bull Flag/Triangle patterns I’ve seen in a while.  Look for a convincing break of the descending trendline as a buy signal.  A strong break below the horizontal support line signals the pattern has failed and an exit is in order.

As always, whatever you do control your risk.


The Trader




Simple Trading Update GLD As of Close 8 February 2016

The gold ETF GLD is showing life after several years of trending downward.  I’ve written about GLD multiple times (most recently here, here, here and here).  Each time I talked about the monster downtrend and how the yellow stuff needed a big move to the upside (and above TAOST Value Zone) before one could even consider a purchase… Looks like the global political and economic turmoil that is our current situation has generated just such a move.  That’s not to say that the trade is “automatic”… But it certainly means it makes sense to keep your eye on the shiny stuff…

GLD W 8 Feb 2016



The Quarterly GLD chart shows a strong reaction to a pretty big technical support zone…

GLD Q As of 8 Feb 2016 Close

As always, mind your risk and use a bit of common sense.


The Trader