Wednesday, 22 July 2015

AAPL - facing a very demanding market

Despite earnings coming in fine, the market was not pleased with Apple (AAPL), as guidance was not all that the market had been expecting. AAPL settled -4.2% @ $125.22 (intra low $121.99). Key support is around 121/20.. a failure of that to hold, will open up the 114/112 zone.

AAPL, daily


APPL unquestionably continues to be a money making machine, yet it is clear, even a relatively minor down grade on future profit/revenue is enough to cause some real upset.

Broadly, AAPL remains bizarrely valued to the main market. Regardless of any sustained weakness into the autumn, AAPL looks set to break new highs into next year.

Or perhaps you'd like to buy a negative yield Germany 2yr bond, yes?