AAPL : Even though we did not gap down, we made a lower low in premarket. It was a pretty good intraday oversold bounce for the stock and bears defended the $435 resistance that I noted last night. Overall, price still indicates intermediate bears should sit back and enjoy the ride.
Normally, I don't post during intraday on this blog because there's not enough time except during lunch hour like today. The AAPL and GOOG price signals worked out well though. See charts:
Dow Jones + SPY: All confirmed for bulls
GOOG: 100% MM is met, beyond expectations indeed.
