AAPL Is Our New Telltale

Since AMZN looks like hell and is acting like it wants to go even lower, I’ve switched to AAPL as my #1 bellwether. The stock has an unfulfilled rally target at 168.33 that lies $10 above current levels and still seems likely to be achieved. In any event, because of AAPL’s crucial importance to the health of the bull market, we’ll want to monitor its ups and downs very closely in the days ahead. At the moment, it would take but a $2.54 decline to seriously affect the bullish look of the intraday charts.

  • Pan August 22, 2017, 3:18 am

    Think I’ll stick with AMZN, I like the fact it looks like hell, so why switch bellwethers just when they’re going my way for a change.

    &&&&&&


    AAPL looks like a good a bet to reach 168. If it does, the bear market that is surely coming will have to wait.

    R