Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

AAPL Continues to Digest its September Advance. What Now?


There are 19 trading days remaining before Apple Inc. (AAPL) releases its next corporate earnings report (Oct 27).

Right now, my technical pattern and momentum work argue that AAPL is in the grasp of a digestion period off of the Sept 19 high at 116.19, which when complete, should resolve into another powerful upleg to 119-122, in route to 130-135 thereafter.

The $64,000 question is whether the digestion period will confine AAPL weakness above 111.00 support, or morph into a deeper correction into the 108-016 support zone?

In either scenario, however, the overall pattern work argues strongly for higher prices thereafter, which should unfold in the days well before the Oct 27 earnings report.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!