Apple

  • AAPL

  • $230

  • -1.66%

  • $233

  • $233

  • $230

Granny Shots

Ticker Appearances

Daily Technical Strategy
Tue, October 22, 2024 | 6:56PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Breadth starts to tail off while many just concentrate on NVDA

EQUITY TRENDS REMAIN BULLISH, YET SPX IS CLOSE TO SEVERAL PROJECTED TARGETS NEAR 5900 WHICH SHOULD SLOW THIS RALLY DOWN AS IT NEARS THE END...

This report is accessible to
FSI Pro, FSI Macro memberships.

You have viewed the limit of 2 reports for free this month.

To continue reading our research please sign up below.

Already have an account? Sign In

Visitor: 3a95af-d9d131-7e4337-da76db-a2804b

Mon, October 7, 2024 | 11:43AM ET

⚡ FlashInsights

Mon, October 7, 2024 | 11:43AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
AAPL -1.66%  pattern very similar to NVDA, but lagging on its breakout- Today's downgrade not having much of an effect and expect this to actually push higher and get above 228 which would be its technical catalyst, which should lead this to quickly challenge its triangle resistance near 233 and then break out back to new highs. Eventual targets lie at 243, then 251. But very constructive pattern here and compelling technical risk/reward.
Tickers
Mon, October 7, 2024 | 11:42AM ET

⚡ FlashInsights

Mon, October 7, 2024 | 11:42AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
Fractional decline to kick off the new week in US Equities, but Technology's relative strength is helping this market hold up a bit better than it would without its influence. Financials and Utilities are down 1%, and 10 of 11 sectors are lower, with just Energy up today. TNX is back over 4%, and China's FXI has gapped up again and now trading over $36. This pattern in SPX is not too negative and represents just some minor backing and filling which then should begin to turn higher back to new highs. Key for ^SPX -0.46%  will be 5753 while for S&P Futures that level lies at 5808. Both are important technical catalysts, and expect that Tech should lead on this rally over next couple weeks given the strength in key Tech names like NVDA -1.61%  and AAPL -1.66% . S&P should not undercut 5677 in my view, and should be starting to stabilize today after early weakness.
Tickers

Events

Tickers

Trending tickers in our research