Tuesday, 20 October 2015

11am update - AAPL is breaking up

Whilst the broader market is slowly building moderate gains... with a likely push into the sp'2040s, there is notable strength in the tech behemoth that is Apple (AAPL), +1.8% in the $113s. There is soft resistance in the 116s, and then the 119/120 zone.

AAPL, daily



Not surprisingly, we're merely continuing to push higher.

As I will keep noting though.. it will be vital to keep in mind other world markets - esp' China, as a guide for where we are likely headed.

For now... we look headed to the 200dma on all indexes.

back at 12pm