Apple Could Lead Stocks to New Highs

Ordinarily I’d say the lunatic stocks favored by institutional traders (i.e., PCLN, BIDU, NFLX, GOOG et al.) have been too subdued for the broad averages to blast off to new record highs. However, Apple’s spectacular gap-up opening yesterday through a daunting midpoint Hidden Pivot resistance suggests the kind of leadership that could further fuel the impressive short-squeeze off last Wednesday’s lows.  For my rally target in AAPL, as well as one in record territory for the E-Mini S&Ps, check out my touts for both.