All Eyes on Apple?

 

1nvestor: “Quarterly. Bearish Engulfing for the qtr sums it up for this stock lately. 300 in trouble?”

Is it me or is everyone now focused on the price action in shares of Apple ($AAPL)?

There have been a ton of charts uploaded to Chart.ly as everyone tries to make sense of it by I think the one from 1nvestor above sums it up best.

I’m seeing stories about Apple’s share price everywhere this morning…

Bullish Cross issued a rare ‘buy’ on Apple Friday (Fortune)

As Stocks Rally, Apple’s Disastrous Year In The Market Continues (Business Insider)

Apple, Down 13% In Four Months, Struggles (24/7 Wall Street)

This stock is a huge component of the Nazz (even post-rebalancing) and it’s non-leadership here as the market tries to find its footing is conspicuous to say the least.

Thoughts?



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