Thursday, January 3, 2013

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!