What Can It Hurt to Distrust This Rally?

Apple shares have shifted into hyperdrive, pulling the broad averages and the FAANGs right along. (See my AAPL tout below for a technical rundown.) If the rally achieves its current target at 190.33, that would represent a move of about 5% from these levels. It would also raise the odds that Facebook, Amazon, Netflix and some other world-beaters will achieve their respective targets. This is quite a rally, consider the glum mood on Wall Street just a few weeks ago. Bear rallies are engineered to make us forget what was troubling the market just before stocks took off.  Is this rally just a deceptive, dangerous tease? What can it hurt to assume we’re being set up, at least for the time being?