Apple Stock Slump Continues - Tests Key Technical Support

Apple share price continues to tumble since it unveiled the iPhone 8 and X, following yesterday's triple whammy of bad news.

Back at it lowest since August 1st's after-hours spike on earnings, AAPL is now testing the key 100-day moving average...

 

And as goes AAPL, so goes the Nasdaq.. again

Time for The SNB to buy some more...

 

"No brainer..."

Comments

moneybots TradingTroll Thu, 09/21/2017 - 10:41 Permalink

"If Janet Yellen has your back then why is she raising rates and tapering QE?" When the FED stopped QE, Japan stepped in and the EU has their own QE, as well. Yellen is using surrogates.In August, 2014, when the market was dumping, Bullard said QE should not end, in order to goose the market. When QE ended, Japan immediately annouced it was going to QE. Bullard then said U.S. QE should end and his August remarks were misinterpreted.

In reply to by TradingTroll

Bill of Rights Thu, 09/21/2017 - 10:21 Permalink

Because the new Iphone x sucks balls, I just switched to the Samsung Note 8...bad ass phone. And Gear 3 frontier watch..also bad ass. Thumbs down cunt ...fuck off.

Consuelo Thu, 09/21/2017 - 10:24 Permalink

  Probably should be looking at what will likely be the real underlying cause of the trajectory towards $9/share again, not Foxconn delays...- Disposable income drought- Smart phone maturity saturation  

mkkby JoeTurner Thu, 09/21/2017 - 12:37 Permalink

Stupid article has it ass backwards. Apple recently hit all time high. Correction is to be expected.

Where do we get these junior high technicians? The hedge used to be pro level.

Every product announcement is met with critics, and perma bears say tomorrow is the crash. Investors who listened to them are very sorry as apple faithful buy anything they sell. Apple is so confident they troll their users with a $1000 dollar phone. New and improved with more molecules.

In reply to by JoeTurner

joeyman9 mkkby Thu, 09/21/2017 - 13:36 Permalink

"You have to buy a new one every 2 years because the battery dies and cannot be replaced"Well, I've replaced the batteries on an iphone 5c and 6 easily.  On the 6 there are two screws on the bottom, remove those and the battery slides out.  Replace, secured and you got a new battery, or go to a place like Cellphone CPR (or whatever iphone repair place you go to) and have them do the replacement for about 45 bucks or so.Don't know about the 7 or 8 cause I've never used or had them.

In reply to by mkkby

Pigeon Thu, 09/21/2017 - 10:43 Permalink

I don't know why people won't pony-up for a $1000 iPhone. After all, the cost is less than 1 month's health insurance premium. What will it take for me to get you into this new iPhone, today?

divingengineer Thu, 09/21/2017 - 10:55 Permalink

1. Plunge Protection Team to the Rescue!!!2. New legislation involving an individual mandate to buy a mobile phone from one of the three primary manufacturers.3. New FCC regulations making any phones pre-2017 unable to be used on the existing networks. That ought to just about take care of it.  

hanekhw Thu, 09/21/2017 - 11:11 Permalink

How many Apple products languish, hidden away in some closet after annoucing that model would no longer receive upgrades. Millions? Easily. Many are still usable for their purpose but the fear and doubt created makes their anxious owners relent and fork over their money for the 'new'. But fewer with each iteration. The returns are diminishing. Hence a price increase to squeeze the golden goose a little longer. Not a good long term strategy. The Age of Cool requires ever new acolytes and the cost of being one have made membership increasingly prohibitive.