Review of (AAPL) Apple Inc (AAPL) as of Monday, August 15, 2016

THE VULCAN REPORT

Review of (AAPL) Apple Inc (AAPL)

as of Monday, August 15, 2016

Today's Price Action

Change   prices closed lower than they opened.  2.0600 (1.95%)  with strong Bids going into the close.

    CHART PATTERNS

A black body occurred (because prices closed lower than they opened).

During the past 10 bars, there have been 5 white "UP" candles and 5 black "DOWN" candles .

During the past 50 bars, there have been 24 white "UP"  candles and 26 black "DOWN" candles  for a net of 2 black (DOWN) candles.

A rising window occurred  (where the top of the previous shadow is below the bottom of the current shadow).  This usually implies a continuation of a bullish trend.  There have been 3 rising windows in the last 50 candles--this makes the current rising window even more bullish.

MARKET SENTIMENT

 

PulseScan Swing Vix

PulseScan:     30.40

Swing Vix:     24.73

The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    3 period(s) ago.

The Trend Channel is UP!  (i.e. "Positive Swing Vix") This means that positive momentum is entering the market. Expect sideways to higher prices within the next 3-5 days

The Swing Vix is above 29.  This is where it usually forms Resistance.  The Swing Vix usually forms Resistance before the underlying security. 

A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. 

*The last signal was a Over-Sold Buy 11 period(s) Ago.

The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.

*Since the last Swing Vix signal, (AAPL) Apple Inc's price has increased 9.40% , and has ranged from a high of 108.9400 to a low of 96.4200.

 MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 104.4100 is needed to re-establish the downward trend. However a close above 113.2700 will establish a new upward trend.

INTRADAY PRICE PROJECTIONS

RESISTANCE 108.9400 

SUPPORT 102.1070    

WEEKLY PULSE WAVE PRICE PROJECTIONS

PulseWave BreakOut RESISTANCE - 108.9400 

PulseWave BreakOut SUPPORT - 102.1070 

VOLATILITY

On 8/8/2016, (AAPL) Apple Inc closed  

below the upper band by 17.1%.

This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.HIGH VOLATILITY ALERT - A Breakout of Upper Volatility Band occured

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