SubscribeApple Computer, Inc. (AAPL)
If there is one thing I have noticed in regards to my investment strategy, it is that firms with a large capitalization tend to move with conviction when the MACD and DMI indicators signal buy. This also means that there is a high probability that one of the two indicators will not fail so quickly, enabling you stay in the position longer and avoid the commission cost. Plus, who doesn’t like their investment value to appreciate almost immediately. No false signals. Just business. That’s what I like to see!
Just look what Apple Computer has done since the second indicator gave us the green light to jump in. You would have been able to buy into this play in early August of 2006 at or near $65 per share. In less than three and half months later you would have seen a $20 gain in price, which equates to about a 30% gain in Apple for your portfolio!
Not too shabby.
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Comment by Scott on 18 November 2006:
Great site, man! Very nice design. I’ll have to read through this stuff.
Sure, we can do a link exchange. I’ll put yours up as “Jutia Group.”
Thanks,
Scott
Comment by the finance ninja on 20 November 2006:
I’d like to note that AAPL has a strong support price of $79 if you’ve watch all the indicators. Since stocks have been going sideways AAPL $78-85 lately I predict its the lift-off to finally surpass $90-95 mark. I have to admit I like AAPL. It’s a very innovative company with a really classy CEO that knows what the consumer wants. The historical charts aren’t adding up though. AAPL and many retail stocks should of made a big move from late october to end of november possibly through Jan. If stocks don’t start to push forward daily I just might wonder if stocks are about to take a short-term dive down. Stephen. Good bloggin on stocks. -P
Comment by Stephen Oakes on 20 November 2006:
Finance Ninja,
Thank you for your comment. I agree with your bullish stance on Apple and believe it is highly likely that we will see higher prices in the weeks ahead. All my indicators say to hang on to this one and I have yet to see a negative divergence in RSI on the one-year weekly charts. Until any of my three indicators (DMI, MACD, RSI) go against the trend, I would be buying.
Unfortunately, I did not spot this one on time when the initial buy signal was given, therefore I can not place it in my Jutia Portfolio. Oh well!
Best,
Stephen
Comment by Illuminati Trader on 16 February 2008:
I used to use this exact same set of indicators! They’re pretty good, especially in conjunction with Fibonacci.
That was before I discovered the joys of volatility trading, though – big moves, and I don’t care which way they go, as long as they go!