AAPL shot higher on record revenues reported after the close, and although the move wasn’t quite strong enough to be described as freakish, it did put an ambitious, 337.22 target in play. It could also set the stock up for a ‘mechanical’ buy if AAPL should pull back to the green line at 313.72 without first having exceeded the so-far high at 327.90. Buyers’ failure to hit the target in the moments following the news may have been due to the strong rally that had already occurred during the regular session. AAPL was up around $9 at one point, pushed by buyers who evidently were confident not only about the impending good news, but in the stock’s likely reaction to it. This is bound to have a bullish effect on some other corporate giants yet to report this week, including Microsoft, Amazon, Facebook and Boeing. DaBoyz, it would appear, are fully in command once again, inured to any coronavirus news that falls short of catastrophic. _______ UPDATE (Jan 29, 9:23 p.m. EST): If bulls are still in charge, a ‘mechanical’ bid at 321.56, stop 316.34, should produce a winning trade that hits the 337.22 target shown in the chart. I am not recommending the trade because it is riskier than the mechanical buy at 313.72 noted above, but we can watch from the sidelines nonetheless for signs of weakness (or strength). _______ UPDATE (Jan 30, 3:16 p.m.): For the record. the ‘risky’ trade proffered above showed a theoretical profit of as much as $1100 on the opening bar. Looking ahead, although I am not in love with the stock at the moment — not that I ever was — it would trigger a ‘mechanical’ buy of larger degree at 313.54, stop 305.88 (see the original chart). The objective would be 336.47 (or 337.22 if using 24-hour bars on the 60-minute chart). The pullback along C-D has begun from above our ‘sweet spot’, so I would rate the trade only around 6.8. That implies that I have some small doubts about whether 336.47 will be reached.