The Fluid Trader

The stock got hammered yesterday at the end of session as with most of the markets.  Today AAPL recovered quite nicely and continued its ascent.  Our target price is 181 and the close was at 180.  If things go well, tomorrow will be the day that we reach the mark.  So let’s keep watching!

The selloff yesterday was short lived as we thought.  The uptrend that formed on April 25 continues and we pretty much saw the selloff of yesterday “filled” at around 10:30AM or so.  We saw a continuation and a little more volume that the days past.  The bulls won the battle for sure today!

Pivot Points and Price Targets (Supports and Resistance) for Friday, 05/02/08, for QQQQ to look out for:

• Pivot Point = 48.21
• Support Level 1 = 47.70.  Support Level 2 = 46.71
• Resistance Level 1 = 49.20.  Resistance Level 2 = 49.71

Let’s see if the uptrends continues tomorrow!

Today’s action was doing well with the continuance of yesterday’s uptrend in the early hours of trade.  We did see a sharp downward momentum after the Fed’s announcement.  I feel that the Q’s will recover tomorrow but to how much is something that price will have to reveal to us tomorrow!

Pivot Points and Price Targets (Supports and Resistance) for Thursday, 05/01/08, for QQQQ to look out for:

• Pivot Point = 47.43
• Support Level 1 = 46.80.  Support Level 2 = 46.40
• Resistance Level 1 = 47.83.  Resistance Level 2 = 48.46

Until tomorrow, be safe!!!

Hi all,

Its time to review Apple once again.  Price seems to continue moving upwards as commented about previously.  The session closed at 175.05 with lower than normal volume.  Remember, the target of this stock price is 181 which is only 6 dollars away!  Let’s continue to watch this!

The Q’s continue to creep upwards.  We saw a bear flag with the start of trading today to see prices dip a little.  That ended at 10:30 where we saw price stair stepping its way upwards for the remainder of the day.  There were plenty of buy signals throughout the whole day and it would have been a great opportunity for the Bulls to cash in!

Pivot Points and Price Targets (Supports and Resistance) for Wednesday, 04/30/08, for QQQQ to look out for:

• Pivot Point = 47.47
• Support Level 1 = 47.18.  Support Level 2 = 46.77
• Resistance Level 1 = 47.88.  Resistance Level 2 = 48.17

Let’s see if the Q’s can continue this upward trend!

The Q’s had a steady uptrend during most of the day.  It started to reverse around 2PM today and showed us weakness for the rest of the day.

Pivot Points and Price Targets (Supports and Resistance) for Tuesday, 04/29/08, for QQQQ to look out for:

• Pivot Point = 47.33
• Support 1 = 47.04.  Support 2 = 46.84
• Resistance 1 = 47.53.  Resistance 2 = 47.82

Let’s see where the market leads us tomorrow!

Quick review on Apple.  The earnings report came out and the stock did well until they projected numbers for the next quarter.  Apple seems to be very conservative in these numbers to better manage their stock price and so they can blast the numbers out of the water when they do report.

Today’s trading comes to us with an up day and we continue to watch for the targeted price of around 181.  Its getting there!

The Q’s traded between the pivot point and Resistance level 1 for the day.  We were met with an upside gap in the morning with price moving upwards to find itself back to the levels saw at the beginning of the session today.  We ended the day with a lateral channel from noon on.  According to the 200 SMA, we had a relatively flat day and the pivot point analysis does point to a bullish day. 

Pivot Points and Price Targets (Supports and Resistance) for Thursday, 04/24/08, for QQQQ to look out for:

• Pivot Point = 46.73
• Support 1 = 46.40.  Support 2 = 45.94
• Resistance 1 = 47.19.  Resistance 2 = 47.52

 Its earnings season right now so becareful!

Apple did have an exciting day yesterday with a nice up day and it was met today with an equal down day today.  I still believe that AAPL will continue its ascent.  I will give it 17 more trading days (+/- 5) to see where it goes.  Let’s continue to watch!

The Q’s opened with a Gap Down today that led to a steady pace downward.  The ETF consolidated from 12:00 PM until the close of the session between 45.9 and 46.4. 

Pivot Points and Price Targets (Supports and Resistance) for Wednesday, 04/22/08, for QQQQ to look out for:

• Pivot Point = 46.35
• Support 1 = 45.93.  Support 2 = 45.51
• Resistance 1 = 46.77.  Resistance 2 = 47.19

Let’s see what price will look like tomorrow!