Week 24 of 2008 trading is finished. Examine the following year-to-date performance.

Apple	NASDAQ	S&P 500	Dow Jones
-12.98%	-5.58%	-6.48%	-6.15%

Now, compare that performance to the AppleOption Portfolios!

AppleOption Short-Term Portfolio (STP)
      Started the January 2008 with $10,000
      Current portfolio value $13,599.87 (after commission/fees)
      Year-to-Date Gain 35.9%

AppleOption Long-Term Portfolio (LTP)
      Started the January 2008 with $25,000
      Current portfolio value $25,390.35 (after commission/fees)
      Year-to-Date Gain 1.5%

AppleOption Auto-Trade Portfolio (ATP)
      Started the June 2008 with $10,000
      Current portfolio value $10,000.00 (after commission/fees)
      Performance since Inception Pending First Trade!

If you are not yet a member of AppleOption, sign-up today and discover how we trade. We’ll teach you by showing all of our portfolio trades in real-time. Join AppleOption Now!
 

Weekly Review of Portfolio Trades
     

AppleOption Short-Term Portfolio

The week started with the WorldWide Developer’s Conference which introduced the 3G iPhone as expected. There was a tremendous amount of selling as the conference started and after the lack of “one more thing” to surprise investors. Many malicious attacks on Apple’s share price continued throughout the week all based on the “perceived” health of Steve Jobs. After surviving Pancreatic Cancer, rumors suggested he was in poor health and that he didn’t look well. This fear was driven by “fundies” who were shorting Apple. Well they got what they wanted! Apple has stated he had a “common bug,” and otherwise refuses to acknowledge the hyena attacks. The AppleOption STP was caught in a difficult position as things fell. We rolled a lot of positions down, this will help tremendously in the future but in the short term was painful for the portfolio’s balance. The STP took on nearly full cover heading into option expiration week. Apple will likely finish the week in the $175-180 range.

AppleOption Long-Term Portfolio

The LTP took a small chance heading into the WWDC with little coverage. This move was costly when Apple’s share price fell. The only benefit was Friday’s bottoming to $165 provided a fantastic opportunity to roll our LEAPS down. AppleOption members interested in LTP trading should read our article on Repositioning: The Thought Process to Success.

AppleOption Auto Trade Portfolio

Member’s are excited about our newest portfolio. The AppleOption Auto Trade Portfolio (ATP) will be offered through ThinkorSwim. Many are excited for the first trade in this portfolio. Timing is crucial and we are looking for appropriate entries. Option expiration week may provide a opportunity, but patience will be rewarded. Investors interested in following the AppleOption Auto Trade Portfolio will need to open a ThinkorSwim brokerage account. Investors will also need an active AppleOption Membership. After both of these are set-up, then investors will be ready to activate the auto-trading service through ThinkorSwim. Each trader determines his/her individual risk tolerance by selecting a specific allocation type. For more information please refer to the AppleOption Auto-Trade Portfolio (ATP) page.

 
Technical Apple Review
     
 

Key Reference Points:
5-EMA: $177.59
20-EMA: $181.51
50-MA: $174.73
1st Resistance: $182 - triple
2nd Resistance: $189 - triple
1st Support: $167 - single
2nd Support: $161 - double

     
Up-Coming Earning Reports:

Apple will announce Quarter 3 earnings on July 24 (after July option expiration).

View which other companies releasing earnings next week
None of these reports should have a great influence on the general market.

     
Analysis Reports:

Citigroup: Increased its price target from $248 to $287 and has a “buy” rating.

Lehman Brothers: Raised its price target from $202 to $234 and kept its “overweight” rating.

View the full article on June 10th.