AAPL - headed for new highs in early 2015

With the broader market climbing strongly for a second day, Apple (AAPL) was similarly on the rise, settling +2.8% @ $112.52. Outlook is for new historic highs in Jan/Feb... somewhere in the $120/125 zone.


AAPL, daily

AAPL, monthly

Summary

With the broader market having put in a key floor of sp'1972, AAPL looks set to comfortably rise into next earnings.

The $120s look a relatively easy target... the only issue is what then? If the broader market can battle higher into the late spring to the sp'2300s, then AAPL will likely begin a serious play for the big $150 level by late 2015.