Overall Trading Review: Apple (NASDAQ:AAPL)
Profile: Apple Inc. designs, manufactures, and markets personal computers,  mobile communication devices, and portable digital music and video players and  sell a variety of related software, services, peripherals, and networking  solutions.
A total of 11 block trades were executed Tuesday, at least 10,000 shares or  more represent a block unit.
Block trades help investors understand the sentiment of large financial  institutions.
Deeper analysis shows that 306,000 shares were bought and 342,928  shares were sold.
The Bought/Sold Ratio for shares of Apple is 0.89, representing a negative  net cash flow of $21,425,963 out of the stock on Tuesday.
On the  derivative side, a total of 198,396 Put and 1,021,295 Call contracts exchanged  hands Tuesday leading to a 0.19 Put/Call Ratio (PCR)
Apple will  likely have to cut iPhone prices in order to grow in emerging markets,  which will weigh on gross margins. Plus, Apple may have lost much of its vision  and creativity with the passing of co-founder Steve Jobs in October 2011.
Apple opened at 590.16, and price finished -1.77 (0.30%) at  582.85 during the session Tuesday.
AAPL is trading between the range of $580.09 – $590.74. To date, the stock  has lost -4.09% within the last week.
Volume: 13-M shares is less than the 3 month average volume of  17-M shares.
AAPL is trading below its 20, 50 and 200 Day MA’s.

Performance Metric
Week      Month       Quarter     Half Year     Year
-4.09%   -12.93%    -4.64%      +3.87%      +47.74%
Recent CandleStick Analysis         Very Bearish
DateCandle6 Nov 2012Bearish Engulfing 31 Oct 2012DOJI
Open  Gaps
DirectionDate   Range
down18 Oct 2012644 to 642.06
down  8 Oct 2012651.28 to 647.56
down26 Sept 2012673 to 672.69
down24 Sept 2012699.36 to  695.12
Support and   Resistance
TypeValueConf.
resist.701.393
resist.679.992
resist.673.243
resist.659.394
resist.649.526
resist.642.273
resist.632.202
resist.628.102
resist.615.856
resist.598.073
resist.588.326
supp580.742
supp574.013
supp569.052
supp560.992
Technical   Indicators
Ind.ShortInterLong
EMAVBeVBeVBe
MACDVBeBeVBe
RSI Be 
TDD Be 
FibsVBeVBeBe
HighsBeNBu
LowsBeVBuN
TrendsVBeNN
Stoch.VBe  

VBu=Very Bullish,       Bu=Bullish N=Neutral Be=Bearish, VBe=Very Bearish

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

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