AAPL - still very weak

Despite the indexes closing moderately higher, Apple (AAPL) closed 1.5% lower, to rest @ $517. The big $500 level is a mere 3% away, and if the main indexes do turn lower - even if its just to sp'1440, AAPL will be in real danger of putting in a daily close <500.


AAPL, daily

Summary

So, another close lower for AAPL, and the trend is looking pretty bad. If we do see a few daily closes <500, then it might even be a key sign that the bigger market is also in trouble.

It will be one to watch for the remainder of the week.

*AAPL has Q4 earnings at the close, Wed' Jan'23.