AAPL's forming head-and-shoulders
The AAPL chart image that I drew up is a prime example of where I am exiting my short position and entering a call option.
MACROECONOMICS
AAPL is forming a head-and-shoulders charting pattern, signaling a bearish trend that could be followed by a potential bullish rebound. On Friday afternoon, Mr. DJT announced a 10% tariff on China, in addition to the existing 20% on Canada and Mexico due to the fentanyl issue in America coming from these fucks.
Furthermore, DJT plans to tax foreign entities purchasing GPU chips from American manufacturers. Singapore, which accounts for 15% of NVDA's chip exports, recently reported an increase to 22%, selling an estimated 50k H100 GPU chips (priced at $30k each) to DEEPSEEK. This led to the TECH crash on Monday, causing NVDA to lose approximately $580 billion in market share.
JOBS data reports are set to be released on Tuesday, the 4th, and the numbers are unlikely to be as favorable as last month's. Many large companies worldwide, including BlackRock and Charles Schwab, are laying off thousands of employees. The consumer price index report, released on February 12th, is expected to show an increase from the previous two stable reports. Overall, I anticipate a bumpy February and plan to capitalize on the bearish AAPL trend. If you are purchasing stocks or crypto on your own, and plan to hold long term, set buy limits where equal lows have previously formed. The AAPL chart image that I drew up is a prime example of where I am exiting my short position and entering a call option.
