Bellwether Apple Sputtering Out

The lunatic stocks have been pretty docile lately, making it impossible for the broad averages to move higher by their wonted leaps and bounds. Particularly troubling is that Apple — no lunatic stock, but most surely a reliable bellwether — has turned lower after narrowly failing to reach a 103.07 rally target I’d flagged.  This bears watching, since a breach of the corrective target noted in today’s tout could hint of more trouble immediately ahead.