The head and shoulders top formation I have been talking about remains intact. Note that AAPL has been unable to get above its declining 30 week average (red line). This may be an ominous Stage IV decline forming.
Stock Market Technical Indicators & Analysis
I have been watching EA ever since my stock buddy, Judy, told me about their likely benefiting from their games with a Star Wars theme. When EA bounced from support on Thursday, I purchased some. EA may be retaking its green line break-out. If it breaks below support I will quickly sell. Star Wars comes out on December 18.
While the indexes are rebounding, it is noteworthy that there were twice as many stocks at new lows than new highs on Wednesday. About 86% of the Nasdaq 100 stocks rose, compared to 67% of all stocks. So the tech stocks are out-performing right now. Only one stock came up in my new high and great fundamentals scan, CMN. It is in a beautiful RWB up-trend.