AAPL Watch

Despite all the iPad hype, Apple Inc. (AAPL) is at this point setting a high today that's just about lined up with the past two trading days, and not far off the last four.

It could be that the 300,000 iPads sold on opening day failed to meet analysts' expectation. The street wisdom was that sales would bump up more toward 500,000.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
AAPL $238.04

Or it could be Jim Cramer, who with his usual serious demeanor and calm serenity is recommending that investors SELL SELL SELL some of their shares in Apple.

Or it could be that no one really believes that an iPad tablet computer that lacks a USB port, won't play the webiquitous (web ubiquitous?) Flash video format, and can't be used to read books in the park on a sunny isn't really a game changer?

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The technicals are still in bull phase on AAPL, but with reservations. The Parabolic SAR and Person's Proprietary Signal are both bullish. The macd is still above the zero line, but i falling toward it today. The stochastic is in overbought territory, and has turned back toward the neutral zone.

Earnings is are closing in -- after the market closes on April 21. And AAPL, frankly, has had so much good media with the iPod, the iPhone and the iThink (therefore I am) that in the normal cycle of popular media the company is overdue for a gentle drubbing.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

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