High-Flyers Showing Fatigue

I’ve unfurled the yellow flag for the stock market, since AMZN, the most important stock of them all, along with the Nasdaq index, nosedived yesterday after failing to reach their respective Hidden Pivot targets. Even more bearish is that the dirtbags who manipulate AMZN and a handful of other high-flyers were unable to squeeze shorts on the opening bar. AAPL closed well off its highs, suggesting that fatigue is beginning to take its toll on the momentum players that institutional investors have become. Concerning Apple, click here for a great and well-deserved hatchet job on the company by The Venture Company’s Georges van Hoegaerden.