AAPL broke down below a support level and closed near $90. If you use the charts as a guide, the next support level is around $80. It's been in a downtrend since the triple-top of early to mid last year!
Utilities (XLU) could be setting up for a double top...
New all time highs: AFL, CB, CLX, NVDA, RSG, SWK, WM
All time lows: GPRO, LC, INVN, SHLD
Pops: MON, NVDA , Drops: FOSL, JWN, KSS, M
Mergers/Deals: Western Digital officially owns SanDisk
Next week: Economic reports,
Retailers broke support this week...
AAPL dropped down below support, while AMZN busted up through resistance!
Also, both are showing 'extremes' on the RSI, so maybe we'll get a reversal soon...
Are Bonds headed for a triple top??
Links...
S&P 500 -rally sputtering...
CBOE VIX -pretty low
10yr Interest Rates -still low!
ETFs - Ranked by YTD Percent Change
Natural Gas was almost flat, closing near 2.09
Crude Oil was up, closing near 46.37
Gold dropped a bit, closing near 1274
The 30 year Bond was up again, closing near 166.75
The US Dollar was up, closing near 94.61
NEWS:
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Alphabet once again most valuable company over Apple as GOOG market cap overtakes AAPL
AAPL Stock: Is It Time to Ditch Apple Inc.
Why Apple Could Fall Another 11%...
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