{"id":1713,"date":"2024-03-04T00:05:57","date_gmt":"2024-03-04T00:05:57","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/04\/market-maker-manipulation-on-aapl-has-been-egregious-in-2024\/"},"modified":"2024-03-04T00:05:57","modified_gmt":"2024-03-04T00:05:57","slug":"market-maker-manipulation-on-aapl-has-been-egregious-in-2024","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2024\/03\/04\/market-maker-manipulation-on-aapl-has-been-egregious-in-2024\/","title":{"rendered":"Market Maker Manipulation on AAPL Has Been Egregious in 2024"},"content":{"rendered":"<div>\n<p>Be honest.  How many of you thought that Apple (AAPL), Alphabet (GOOGL), and Tesla (TSLA) could struggle collectively, while the S&amp;P 500 continued to set record high after record high?  I\u2019m not surprised at all, because secular bull market advances are stubborn and money rotates when former leaders stall.  That\u2019s one of the hallmarks of a bull market.  They\u2019re incredibly resilient.<\/p>\n<p>Today, I want to focus on AAPL, because it\u2019s providing early signals that it will soon rejoin the bull market leadership.  Here\u2019s the daily chart:<\/p>\n<p>Here\u2019s what I see when I look at the AAPL chart:<\/p>\n<p>AAPL\u2019s leadership ended with the emergence of a negative divergence in late 2023<br \/>\nAAPL gapped lower to begin 2024 and started a period of market maker manipulation where AAPL fell nearly 13 bucks.  But AAPL, collectively during the past two months, fell 27 bucks at the opening bell and during the first 90 minutes of trading.  In the final 5 hours of trading during January and February, AAPL actually gained nearly 15 bucks.  There were plenty of afternoon buyers (market makers) accumulating shares while unaware retail traders were being encouraged to sell during the weak morning hours<br \/>\nThe AD line has moved steadily higher in 2024, underscoring this accumulation<br \/>\nPrice support near the 180 level is quite clear<br \/>\nAAPL broke down intraday on Friday, but recovered in the afternoon, printing a doji, one form of a reversing candlestick<\/p>\n<p>While I believe AAPL is poised to regain its leadership role sooner rather than later, which will help large cap stocks and our key indices, I\u2019ve begun to rotate more and more towards small cap stocks.  I\u2019m so bullish on small caps right now that I\u2019ve decided to feature 3 excellent small cap trading candidates this week in my FREE EB Digest newsletter.  If you\u2019re interested in learning more about these stocks and their significant upside potential, <a href=\"https:\/\/www.earningsbeats.com\/public\/subscribe.cfm?ref=tp\" target=\"_blank\" rel=\"noopener\">CLICK HERE<\/a><span> and sign up for our EB Digest with your name and email address \u2013 it\u2019s absolutely FREE!<\/span><\/p>\n<p>Happy trading!<\/p>\n<p>Tom Bowley, Chief Market Strategist, EarningsBeats.com<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Be honest. How many of you thought that Apple (AAPL), Alphabet (GOOGL), and Tesla (TSLA) could struggle collectively, while the S&amp;P 500 continued to set record high after record high? I\u2019m not surprised at all, because secular bull market advances are stubborn and money rotates when former leaders stall. That\u2019s one of the hallmarks of [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":1714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/1713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=1713"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/1713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/1714"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=1713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=1713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=1713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}