Tackle Today: Stock of the week: Apple
September 4, 2019
≈ Making passions run high since 1976. ≈
“There are two kinds of people in the world: people who say Apple isn’t just a company, it’s a cause; and people who say Apple isn’t a cause, it’s just a company. Both groups are right. Nature has suspended the principle of noncontradiction where Apple is concerned. […] Apple is two guys in a garage undertaking the mission of bringing computing power, once reserved for big corporations, to ordinary individuals with ordinary budgets.”
Phil Lemmons for Byte Magazine, December 1984 —
This statement held true until the end of Steve Jobs’ era when he passed away in late 2011. May he rest in peace.
It is impossible to talk about Apple without making passions run high. At least it was. Companies are made of people. In many situations, we are not able to identify the faces behind a logo, especially when it comes to huge corporations, however, as far as Apple goes, the face behind the forbidden fruit was omnipresent. Jobs was Apple and Apple was Jobs. Being such a complex individual himself, well, no wonder emotions were high when referring to him or his company.
Traders have an advantage, though. They could not care less. The chart is the chart and that is what matters. The size of the company or the scandals surrounding a particular figure is only factored into the trader’s decision once the chart is affected. Other than that, who’s Apple anyway?
You voted you got it: Apple Inc. (NASDAQ: AAPL) is the Stock of the Week on Tackle’s Instagram. Go to our profile and check the analysis done by Coach Tim Justice.
How are you going to play the setup? Go check it out!
Chart of the Day
Triangular Apple
How would you eat this Apple? Go to our profile and check the analysis done by Coach Tim Justice.
Video of the Day
How to use heat maps to analyze the stocks market
In this video, Coach Tim Justice explains HOW TO USE HEAT MAPS TO ANALYZE THE MARKET so you can prepare for the day/week ahead.
Today’s line up
Tales of a Technician
Let’s Talk Bonds
Do you know what the least sexy asset class is? Bonds. Think about it. Have you ever heard of someone making big-league money with fixed income? Neither have I. But that doesn’t mean that bonds don’t have some redeeming qualities. And it doesn’t mean they can’t play a role in your portfolio.
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Coaches Show Replay
If you missed last night’s episode where Coach Gino Poore talked about the Call Ratio Calendar Spread from the new Tackle Trading Playbook or would like to watch it again, check it out here.
Tackle 25 MasterMind Group 8:30PM EST
Join and learn how to better use the Covered Call System with the Tackle 25 with Coach Noah Davidson.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Trading Justice Episode 337: Coaches Mailbag – Trading and Investing Q&A
In this episode of the Trading Justice Podcast, Matt, Tim, and Mark answer questions from our community in our Coaches Mailbag. Building a trading community is something we’re passionate about, and there’s no better way to help our listeners than to listen to them and answer their questions. Listen to the episode on the player below.
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