Short term down-trend continues; AAPL


The GMI remains at 1 (of 6) and the more sensitive GMI-R is 2 (of 10).   While many stocks have bounced off of extremely oversold levels, it remains to be seen if they can break through resistance. I am nibbling a little and placing close sell stops below the low of the bounce. I am watching AAPL very closely.

4 thoughts on “Short term down-trend continues; AAPL”

  1. AAPL is a major growth stock leader. It can give me an indication of the trend in growth stocks in general. I am watching to see if it holds support and breaks through resistance. If AAPL cannot begin an up-trend, I will not go long growth stocks. If it breaks through, I will accumulate it as well as other growth stocks.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.