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!