Friday, September 20, 2013

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.