DOW and AAPL Looking to take a break

D&J - 30 Weekly (Neutral)

• DJ-30 still in a Bullish Fork
• Fed says more QE!!
• Back above Midline is now support
• Break below would be Bearish
• A  major break below support at 14,250 would be VERY Bearish
• Need a Bearish stock, go after JCP!

AAPL Weekly (Bearish)

• AAPL falls below 440 would start to be very Bearish
• Break above 540 would break the Bear Fork and would make the AAPL Bulls very happy
• New iPhone help AAPL move higher or lower?

Note:  New Posts will be in March 2014

• With the Fed pumping in more QE Market will hit new highs this year.
• Be very careful Bears on overall market.  Look to short BBY in January. 

DJ-30 Bull Run Starting To End?

D&J - 30 Weekly (Neutral)

• DJ-30 still in a Bullish Fork
• Right on the Midline at 14950
• Break below would be Bearish
• A  major break below support at 14,250 would be VERY Bearish
• MACD has turned Bearish
• Most likely heading lower in the near future and then to NEW HIGHS

Do Not Count The Bull Out Yet

S&P - 500 Weekly (Neutral)

• S&P-500 still in a Bullish Fork
• A break below support at 1575 would be Bearish
• A Major break below 1550 would BREAK the Bullish Fork
• Do not fight the Fed
• Will the Fed really taper??

AAPL BREAKS MIDLINE!

AAPL Weekly (Bearish)

• AAPL broke midline on a Bearish Fork
• This is very Bullish
• Break above 560 would break the Bear Fork
• Got big the move, will it hold? (YES!!)

Will AAPL Break The Bear?

AAPL Weekly (Bearish)

• AAPL about to break the midline on a Bearish Fork
• Any major break above 475 would be VERY Bullish
• Next test would be in the 525 range
• Big move is close at hand, we will know soon which way!
• My money is on the BULL

Quick Up Date (No Major Change)

S&P - 500 Weekly (Neutral)

• S&P-500 still in a Bullish Fork
• A break below support at 1575 would be Bearish
• As long as the Fed keeps pumping billions into the market, the Bulls will keep winning
• When QE stops, Bears will start to gain control, but until then....

Breaking Support! SP-500 and GLD

SP-500 (Weekly) Bearish

• SP-500 still in Bullish Fork but turning Bearish fast
• Break Below 1500 would be very Bearish
• Move above 1600 would be Bullish

GLD (Weekly) Bearish

• GLD still in Bearish Fork
• Break below 120 would be very Bearish
• Next support would be near 104
• Would not be long gold here!

Can AAPL Stock Price Survive?

Apple (Weekly) - Bearish

Apple still in a Bearish Fork

• Break above 500 would be very Bullish
• MACD turned Bullish
• True test will come at the 500 mark

Have Stops In

SP-500 - (Weekly) Bullish

• Bulls are looking strong in the overall market.
• Break below 1575 would be Bearish for the SP-500
• Would have tight stops in
• Market will be coming to a head here soon
• Dow 16000 or Dow 6000

Chart from DSHORT.COM 

• A rally on borrowed money can only last so long, right?
• Looked at this back in March
• See Post Here

Death of Apple?

Apple (Weekly) - Bearish

• Apple in trouble!
• Broke bearish fork
• Next major support is at 350
• Will it bounce from there?

Dow Holds, AAPL And GLD Keep Falling

DJ-30 (Weekly) Bullish

• DJ still holding strong in Bullish Fork
• Break be mid-line at 14350 would start to be Bearish
• Break below bottom of the fork at 13,500 would be very Bearish

AAPL (Weekly) Bearish

• AAPL still in Bearish Fork
• Break below 400 would be very Bearish
• AAPL just can not win at the moment
• Break above 480 would a Bullish sign

GLD (Weekly) Bearish

• GLD still in a Bearish Fork
• Break below 145 would be very Bearish
• Have stops in!

Watch the UUP

UUP (Weekly) Bullish

• UUP still in a Bullish Fork
• Break above 22.75 would be Very Bullish
• Break below 22.00 would end the Bull fork and would be Very Bearish

Weekly Update

SP-500 (Weekly) Neutral

• SP-500 still in strong Bull fork
• Break below 1400 would end current Bull fork
• MACD leveling out is Bearish
• Market is being fueled by the Fed 
• As long as the Fed is pumping in money markets should hold
• Have trailing stops in!

AAPL Finds Support...Few...

Apple (AAPL) Weekly

• AAPL still in a Bearish Fork
• Found support in bottom of the Bear Fork
• Break above 550 would be very Bullish
• Break above 650 would end the Bear Fork
• Would be VERY careful if long AAPL
• Have stops in!

Personal Income Falls Off A Cliff!!

Real Personal Income Annual Change...

Chart From Streettalklive.com

• GDP in the United States is a 70% consumer driven
• Slow down in income will be a slow down in spending
• Slow down in spending = Red GDP
• Bulls need this to turn around FAST!

Death of AAPL? Top almost in for the Market?

Apple (AAPL) Weekly

• AAPL in a Bearish Fork
• Break below lower end of the fork would be VERY BEARISH
• Next major support is near 400 and 350
• Bulls need a break above 550
• AAPL must hold here or could fall below 300!!

Top Almost In?

Chart from Zerohedge

• Good news there is a large amount of buying
• Bad news it is all on margin!!!
• History is a guide, we could be in trouble....
• HAVE STOPS IN..

Fed was wrong then, are they wrong now?

Fed in 2005

• Go to 55 seconds
• Bernanke 2005: "A house price decline is a very unlikely possibility. Never happened on a nationwide basis"

• And yet so many believe him now...

VIX GOES BOOM! NOW WHAT?

VIX (Weekly)

• VIX still in a Bearish fork
• Break above 22 would be Very Bullish
• In small Bullish fork at the moment
• Stated was only good buy HERE
• VIX has had a great run, is it just the start or end?
• Will will know soon
• Fork says if you are long have stop in at 17.50

Gold in Trouble!

GOLD (GLD) Weekly

• Gold in Bearish Fork
• Break above 160 would be short term Bullish
• Next major support near 145
• Short term support near 150
• Have trailing stops in!

SP-500 To New Highs? Apple Finds Foot Hold...

SP-500 Weekly

• SP-500 still in strong Bullish Fork
• Break above 1529 could be VERY Bullish
• Only a break below 1400 would break the Bull Fork
• Markets are do for a pull back
• As long as the Fed is pumping in money, markets should hold....
• Note when QE stops working, markets will fall...HARD
• Best buy now would be the VIX

Apple (AAPL) Weekly

• AAPL finds short term foot hold
• Note: still in Bearish Fork
• Break above the dark blue line at 495 would be short term Bullish 
• Break above Mid-line at 525 would be very Bullish

AAPL Found Bottom In Adjusted Fork??

Apple (AAPL) Weekly

• AAPL still in adjusted Bear Fork
• Support now at 420 - have stops in
• Major support at 350
• Break above 550 would be Bullish

Rotten AAPL?

Apple (AAPL) Weekly Chart  

AAPL Fell out of the Bearish fork (Very Bad)

• Last leg of support is at 460
• Next major support at 350
• Break above 480 would be Bullish
• Gave major warning AAPL was in trouble
• Hope you had stops in

Get Out of The Zone

Autozone (AZO) - Weekly

AZO forming round top much like we saw in Best Buy in 2011

• AZO is in a major Bear fork
• Break below 330 would be very Bearish
• If AZO can break 370 it would be Bullish

For AAPL the dead drop will continue

• 460-480 will play as support
• Most likley short term bottom
• Break below 460 would be very Bearish

To The New Year! Breaking The Bear?? AAPL To Fall Like A Rock!

SP-500 Weekly

• Bear fork BROKEN
• Will be BULLISH if market breaks to new HIGHS
• Give the rally a week to see if it is REAL
• AAPL will fall and that could bring down SP-500
• Have stops in if you are in AAPL
• iPhone is not doing well
• Will hurt the stock short term
• Look for 480 as support
• Another Stock that is looking VERY BEARISH is JCP
• BE CAREFUL IF YOU ARE LONG!