TRADING APPLE

​
 TECHNICALS
APPLE Technicals Behavior -  Caution Ahead ? 
 Februay 15 ( From TradingView )
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​ Daily Chart - Trendicators ( Top Panel ) 
E-Mini SP500 Price - Left Scale - Red Line

iTrendicator of Apple Shares - Blue Line

​
Daily Chart - Price ( Bottom Panel )

E-Mini SP500 Price - Left Scale - Red Line

iTrendicator of Apple Shares - Blue Line 
​​


February 15: Caution Ahead ? 

It is the first time that I mention my Trendicators in my Weekly Research.

​​Built from seven Technical Indicators based on Volume, Trend, Volatility and 
​Money Flows, this Indicator of the E-Mini SP500 and Apple Shares gives us the 
​possibility to observe ​mainly the Oversold ( Below 3 ) and Overbought ( Above 7 ) 
or when some divergences occur.​

It now reached a point  were my Trenidcators are near 7 ( the Overbought Zone ) 
​which usually we turn back in a correctionin Price. Also, ​the Seasonals turn Bearish til February 23 rd.
​SP500 Index Seasonalities - Monthly Daily Levels
​​APPLE Technicals - Monthly Daily Seasonalities Levels - AAPL 
​​​​
But what is happening this year is that we have BOTH E-Mini SP500 and Apple Shares at historic highs when the Seasonals are shifting to a Correction Phase AND my Trendicators are near Overbought Territory - See Charts Below.​​ ( Vertical Lines are E-Mini SP500 Sell Signal )
​





SMBDH ( Stock Market Breath Depth and Health ) Trendicator is a Custom Index built from Daily Atypical ​​and Crucial Technical Indicators (7) of the U.S. Stock Markets.



 Some may use it as a near reversal indicator ( near reversal or top ) because that Trendicator will tell us that oversold conditions exist when this indicator is below 3 and in overbought conditions when over 7.​​


​​Built from seven Technical Indicators based on Volume, Trend, Volatility and Money Flows, this Indicator of Apple Shares gives us the possibility to observe mainly the main divergences that may occur...




Some may use it as a near reversal indicator ( near reversal or top ) because that  iTrendicator will tell us that oversold conditions exist when this indicator is below 3 and in overbought conditions when over 7.​​



​As mentioned in my Weekly Research 2 weeks ago ( Relatively Speaking ? )
on average from the past 5 years, Apple Shares have outperformed from ​the
​beginning of February til mid-February the Mighty SP500 by 4.7% in

​performance ( capital excluding dividends ). We are at +3.8% as of February 13....

As​​ I mentioned in the Relatively Speaking Research a few weeks ago, So it is time indeed to think in a relatively way - I mean Long Apple Shares and Short the SP500 Index. So Days were AAPL underperform SP500 futures, it is time to add and unload when AAPL outperform....

I will give you Specific Trading Levels in the Dailys as Usual.​​


FinancialIceberg.Com


FinancialIceberg.Com