Whilst the main equity indexes closed broadly higher, there was again notable weakness in Apple (AAPL) and Disney (DIS), which settled lower by -0.5% and -0.4% respectively. Both stocks were clear early warnings of trouble in early August... and are arguably to be treated similarly right now.
AAPL, daily
DIS, daily
Summary
*INTC was the first stock I identified in mid May.. when it maxed out at $35. AAPL and DIS were the two key Dow stocks that confirmed the initial INTC warning.
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Suffice to say.. considering the broader market, today's net daily declines for AAPL and DIS are a very poor performance.
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*for now, I am in hurry to get involved.. but AAPL and DIS will be primary short-targets in the next down cycle. I would imagine shorting them within 1-2 weeks.