Friday, March 1, 2013

AAPL + Dow Jones, GS, GOOG Technical Analysis

AAPL -It is still in a consolidation trend, and the odds still favour bears. However, we are still missing a real price confirmation which is a decisive break below $440 and an immediate sell off to the $435 area or lower to actually hold a swing trade short. Have to stay away from this stock for intraday trading due to the small tight range, lots of opportunities elsewhere.



Dow Jones - For the entire morning, the Dow managed to hold the support trendline from last night's target region and then finally flushed below it in the afternoon. However, it is still above the 14020 support region, which is a very bullish price indicator.




We're going to keep a close eye on stocks like GOOG and GS for potential swing short entries, just in case the market breaks support decisively.