Wednesday, 16 December 2015

AAPL - struggling relative to the main market

Whilst the broader market continues to battle upward from the Monday low of sp'1993, Apple (AAPL) continues to struggle, seeing an intra low of $108.80.. but settling +0.8% @ $111.33. Near term outlook is somewhat uncertain, as there is a clear break of support.

AAPL, daily


Across the last few years its been rather bizarre to see the periodic flack that APPL gets.

AAPL continues to rake in tens of billions per quarter... EVERY quarter.

Yet.. if AMZN makes an extra cent... the market treats the two companies in a completely different manner.

*AAPL is one of my top 3 tech stocks... and top 5 Dow stocks. It is arguably the very last stock to consider being net short.