AAPL, GOOG, GS, NFLX and PCLN Technical Analysis

AAPL: Price drifted down as expected and both targets have been reached now. Expect further weakness tomorrow into $437-439 with a Major Support at the $435 region. Also, AAPL has a Fast and Furious Oversold Setup incoming so expect a rebound when reversal candle confirms in real time. Trust price only, targets will follow you.

GOOG: Amazing bull train really, gray target has been reached now and we've almost reached the ascending triangle breakout. The revised 100% measure move is 897, not the roughly $895 number we talked about a few days ago. 61.8% target is at 890.6, only believe in this right now. Let price and momentum dictate our decisions. Continue to trim and trail, keep enjoying the free bull train.

GS: No surprises here, we talked about this during the Sunday update. Today, price went above our trigger line so it confirmed the new bull leg up. We're also almost at our first target already. If close above this target then expect the 157->159 resistances next.

NFLX: Targets have been reached, most likely needs time to consolidate now because it's up 5 days in a row. Have a new target in place if it continues and breaks above $236.6. Just a reminder, the 240-250 area is the next major resistances on the weekly scale. After this consolidation period, we'll wait for a breakout to take us there. Patience pays fat.

PCLN: Target has been reached, it's up 5 days in a row as well and it's too near the $800 even number pivot resistance. Likely time for consolidation, patience pays well.

AAPL, NFLX and PCLN Technical Analysis

AAPL: Range day trapped in more traders, 448 target is still valid. High probability for a gap down/morning run to the $448 target tomorrow.

NFLX: Bull train breakout above earnings high, no resistances until 240-250 on weekly scale. Use the short-term measure moves to determine how powerful this bull is (the faster we reach them, the more powerful). Enjoy the easy ride while it lasts, gifts don't come often.

PCLN: Another bull train, it broke above all time highs. Use 100% measure move for target, we've reached 61.8% already. Choo choo!

AAPL, GOOG and GS Technical Analysis

AAPL: Friday was a typical ranged day like what we expected, no surprises. The short-term trend is clear now, it'd reached the $450 target level and now we're waiting for the $448 level to be reached. If breaches 448 then the new target of 440-442 (the trending 20EMA daily) goes into effect immediately. Added the invalidate line for the 448 target thesis to show what shouldn't happen to short-term bears.

GOOG: A bull train that keeps on gifting, been a fun ride so far. Ascending triangle formation now on the hourly timeframe, if breakout then the 100% measure move is roughly at $895. We have not reached the 100% MM of the gray breakout yet though, which is targeting $883.8.Trust price only, train until price violates support.

GS: Waiting for price to trigger the start of a new bull leg up. Patience pays well as evidenced by previous times.

Apple + Google Technical Analysis

AAPL: Like we warned a few days ago, this is the tricky resistance region where most traders get trapped in. Price is still stuck in this 10 dollar range in order to trap in more traders. Patience will pay off, wait for higher probability setups.

GOOG: Magnificent bull run really, broke out intraday once again and did a textbook measure move. Tomorrow is friday, be careful of range day traps.

AAPL and GOOG Technical Analysis

AAPL: Still stuck in this tricky region, be patient.

GOOG: Not a boring day like I thought it was going to be stuck in the 860-850 range. Once we broke the $846 previous ATH resistance, it was pretty clear that it had room to propel higher. The textbook 100% measure move is 875.97 and we nearly reached it intraday, amazing bulls. Easy ride so far, enjoy the free bull train!

 Intraday updates and targets can be found here: http://bbs.cobrasmarketview.com/viewtopic.php?f=2&t=913&start=40#p129802

AAPL and GOOG Technical Analysis

AAPL: Nothing surprising today, traders that chased in the morning got trapped and this is why we warned about this tricky resistance region last night. An important thing to note from today's action is that once price broke below $457 trigger line, the target at 20-EMA hourly came into effect and AAPL immediately reached it then held for the session.

GOOG: Fast and Furious fade setup worked out, but it's too bad there was no second leg down. Bulls were very strong at dip buying intraday, we may be stuck in a $860-$850 range to trap in more traders now.

AAPL, SPY and GOOG Technical Analysis

AAPL: $460 target has been reached, relatively easy ride so far when compared to previous rallys that resulted in no continuations. Next target is the 100% retracement level at $469.95, however this is the area where most people get trapped so stay careful. Do not become complacent. Explanations are on the charts:

SPY: No surprises, just boring old consolidation for moving averages to catch up. Patiently waiting for the 20EMA hourly retest still.

GOOG: Very nice bulls, we may get a Fast and Furious Fade Setup tomorrow if price confirms a breakdown. Until then, this is up up and up because there's no predetermined resistances anymore and greedy people would chase the price up.

AAPL, SPY and GOOG Technical Analysis

AAPL: We advanced closer to the target, but no cigar yet. Friday's daily candle serves as a potential momentum waning warning sign for us if price is weak on Monday . Let the price action dictate what's likely to happen. This is still a 20EMA train until it violates that thesis. Easy ride so far.

SPY: As you can see SPY didn't even continue to test the daily 20EMA on Thursday after Wednesday's bear fun. The relentless bulls on Thursday made a daily bullish engulfing that retraced all the losses and the rest is history now.

GOOG: I didn't have time/forgot to post my target on this site, but my target has been reached. See here: http://bbs.cobrasmarketview.com/viewtopic.php?f=2&t=908&p=129373#p129373

Google has an obvious bullish chart,they are doing well. $850 is the next magnet level if morning run up on Monday.

AAPL and SPY Technical Analysis

AAPL: Short term bulls doing pretty well, the next target at the $460 region could be shortly reached if it can continue to hold this 20EMA hourly train. The fast and furious fade setup worked out great in the morning. (The extreme signal to play countertrend, search previous fast and furious scenarios I posted if don't know what I'm talking about)
Relatively easier price action nowadays, not many surprises so it is a good trading vehicle again. Also, monthly candle hinting at a promising bottom when confirmed.

SPY: Not much to say, the relentless bulls has once again retraced all the corrective action.
Let's see how it does with the 20EMA daily consolidation first.

AAPL, GOOG and SPY Technical Analysis

AAPL: Immediate targets have been reached after the $419 support trigger breakdown. Now, take a look at the bigger picture to view lower supports for possible earnings bear scenario

GOOG: Intraday $778 breakdown triggered the immediate target and more

SPY: Stay cautious intermediate bulls, the trend may be changing