$AAPL market looking nasty this am. Those Chinese - Why I rarely do F-M swings anymore! May wait few minutes see price action near open.
$AAPL $100 looks solid support but will market crash this and take it down 97 even that will be better for those who want to take advantage
Below you may see AAPL average daily volume for the past 7 years (after the 2008 stock market crash): Year - Average Daily Volume 2015 - 50,428.14 K 2014 - 61,443.49 K 2013 - 101,608.68 K 2012 - 131,964.19 K 2011 - 123,074.72 K 2010 - 149,826.30 K 2009 - 142,116.74 K Starting from 2009 there is steady decline in daily volume on the this stock. Right now, the average daily volume is two times lover than it was in 2011 and 3 times lower than in 2009. See the 7-year chart for this stock with green and red volume bars at the bottom of a chart: Chart courtesy of marketvolume.com High volume mean big number of investors are involved in trading. Small volume means luck of interest of investor in a stock and huge volume means a lot of institutional traders are involved in a game. From the chart and data above we may see that a lot of institutional and retail traders were attracted by the Apple stock in the past. Starting from 2013 a lot of institutional investors simply stopped buying this stock. That is why we had a strong correction in 2013 and that is why by the end of 2013 the daily volume dropped to 61 M per day from 130 M per day at the beginning of 2013. The drop in volume was caused by the institutional traders because the retail traders do not trade in such volumes. When institutional traders loose the interest in a stock, it becomes difficult for retail traders to continue pushing it up and that what we witnessed in 2015. Now the AAPL stock is 25% from its top in 2015. This is a strong drop and a lot of retail traders are attracted by this drop and a lot of them are jumping in. I am referring to the retail traders because they trade in low volume. The Apple Inc. is a great company. However, despite 25% drop from the top, the Institutional traders have not became attracted by the this stock. WE DO NOT SEE STRONG INCREASE IN VOLUME!!! Institutions are not jumping into the APPL stock and they are not starting to buy. They did not get scared either - they did not start selling as well - average volume remains at the same low levels Without of institutional investors that AAPL cannot move up a lot - we may see bounces up caused by retail traders but nothing serious. Only when the big institutions start buying the AAPL could be pushed up. Without them this stock is doomed for further decline. That is why I am out of this stock and I am not coming back to it for a while. I will be back only when I see institutional traders are coming back - when I see average daily volume on the AAPL stock rising above 100 M per day, it will be a sign for me that AAPL drooped to the level when it started to attract the institutional money. I do not know when it happen but until then AAPL is not worth bothering.... When I see the institutional money are coming in this stock I will jump in as well. The institutions invest in big volumes - if you want to see what they are doing then track volume. Only they have enough power to reverse this stock up. Retail traders cannot do it alone.
Holding the $AAPL 99 puts should pay off handsomely today. That mystery buyer just under $100 from yesterday won't stand a chance today.
$AAPL as long as it stays above $98.25 buyers will stay around but push below $97.51 will give the shorts a shot. Trade less;observe more
$AAPL Anyone who can look me in the face and tell me markets are not controlled for options..I commend you for your dedication to "the line"