There are a few ways to use AB/CD legs in trading. For day traders, knowing where you are within the AB/CD pattern can generally help you stay on the right side of the intraday trend. Short-term traders can play the AB/CD legs in both directions, and there are multiple ways to stack and layer these trades. For long-term investors, it's typically not a bad spot to add to existing positions when a CD leg completes on your timeframe. It's a way to keep your cost basis down and add on weakness, especially if it's an area of confluence. When a pattern's move completes, it generally needs time to pause and is likely to see a reversal, even if it ends up being a dead cat bounce. $Apple(AAPL)$
$Apple(AAPL)$ Apple just made a move to strengthen its long-term AI play. Evercore ISI kept its Outperform rating and $365 target after the announcement of a multi-year custom silicon and wireless connectivity partnership with Broadcom. From a trading standpoint, this looks like more than just another supplier agreement. It gives Apple more control over key tech, boosts its strategic independence, and should help with future upgrades to Apple Intelligence. The race for AI hardware is getting more intense, and Apple seems to be setting itself up for the next phase. It will be interesting to see how the market starts to value this long-term strategic edge.
$Apple(AAPL)$ The Redbook Retail Sales Index came in at +11.5% year-over-year for the week ended July 4. For the full month of June, it was up +10.1% year-over-year. These figures are relevant for major retailers like Amazon, Walmart, Apple, Costco, and the consumer discretionary sector ETF.
$Snap Inc(SNAP)$ Which world-leading company do you think would be most interested in buying Snap Specs' AI/AR smartglasses? Here's my personal ranking, just my opinion, not pumping. First: $Amazon.com(AMZN)$ They have the power and the logistics where AI/AR smartglasses would highly benefit. Second: $Apple(AAPL)$ They have the money to directly become the world leader with their technology and Snap Specs' leading AI/AR smartglasses. Third: $Meta Platforms, Inc.(META)$ A big opportunity to shine again. Fourth: $Oracle(ORCL)$ I think this is a hidden
$Apple(AAPL)$ Seeing another sweep of AAPL 285C Jul 02, $47.9K premium at $1.88 per contract, volume 2.8x open interest. Spot at $281.34. This is the fourth repeat sweep targeting $286.88 with 3 days to expiration. The volume and premium at the current $281.34 spot suggest some near-term upside potential.
$Apple(AAPL)$ This week was tough, but I'm finally over it. The price targets are all between $325 and $440, so I'll just have to wait and collect my pot of gold in the near future.