I'm seeing another bear trap being set this time in shares of Apple $AAPL

 As I blogged over the weekend, I was expecting the pump 'n' dump trade, when traders returned from the Memorial Day break, but I didn't know where.... 

See:  May Wrap-up, and a look ahead... + an important Chart Pattern all investors/ traders need to familiarize themselves with! 

 I suspect we could even see a retest of the recent highs, before the rug is pulled, because this is the pump 'n' dump bulls favorite way of liquidating their assets. Squeeze the short sellers, and dump at new highs. 

Turned out  the pump was/ is in Gold & Silver/ miners, and Natural Gas - commodities, which I covered in Tuesday's Update: Covering the Latest Pump 'n' Dump Target on Gold, Silver, Copper, Metals, Miners

 Tweeted out yesterday: 

I predicted Monday's #pumpndump, before it happened, but attempting to identify which sector is going to get juiced next is a fools errand https://t.co/sJdyeIaQOc

— Veteran Market Timer (@3Xtraders) June 4, 2025

  The Pump in Precious metals, and copper Continues  

The Silver bugs/ trolls are back this morning btw 

For silver, clearing the $35.50/oz level is major, as above this level there is not much resistance until you hit $50/oz.
I hope you took the time over the last 14 years to accumulate or dollar cost average.#silver #silversqueeze pic.twitter.com/E8gV5zmbOQ

— Winston Wolfe (@MrWWolfe) June 5, 2025

I didn't mention copper in the last update, but it just retested the psychologically important $5 target 

 

 Apple $AAPL 

I'm seeing another bear trap being set; this time in shares of Apple $APPL 

On last night's show CNBC's phony chart master falsely claimed the Bullish trend on Apple is broken. An obvious bear trap. @CNBCFastMoney @CNBC #FastMoney $AAPL 🤡🤡🤡 pic.twitter.com/9MX4fsGhVu

— Veteran Market Timer (@3Xtraders) June 5, 2025

The usual suspects at CNBC. The same folks who told you to sit on the sidelines at the April lows. 

It really should be illegal to run the grift on a news network, but it is what it is. 

One person on Twitter got it right last week, when he alerted to yet another memetrade 

When I say 'degenerate economy' I mean we live in a world where stocks do this ...not just memecoins, crypto, parlays...stonks! pic.twitter.com/OpBsWScLgp

— Howard Lindzon (@howardlindzon) May 30, 2025

 

 Another user comments on the post above calling it "vibe-investing" 

 I found the following linked article in the top search result... Perhaps you can make sense of it? 

The Rise of "Vibe Investing" substack.com

Maybe I'm confusing engineered short squeezes with the rise of the rise of the memetrade, but there are definitely some similarities. 

We've also seen some explosive moves in the Crypto, and it's hard to predict where that boom turns to bust. 

GL, AA     

 

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