Apple

  • AAPL

  • $243.39

  • -0.19%

  • $243.36

  • $244.18

  • $241.89

Granny Shots

Ticker Appearances

Daily Technical Strategy
Wed, December 4, 2024 | 7:16PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

“Bad News” is “Good news” again

EQUITY TRENDS FROM AUGUST REMAIN BULLISH, AND SPX HAS NEARED THE UPPER EDGE OF ITS FOUR-MONTH CHANNEL RESISTANCE WHILE THE NASDAQ 100 INDEX HAS JUST...

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Visitor: E612D761-041D-446B-B484-3F0A1B39E221

Wed, December 4, 2024 | 11:38AM ET

⚡ FlashInsights

Wed, December 4, 2024 | 11:38AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Third straight day of muted to negative breadth despite QQQ surging another 1% on big-cap Tech strength while 9 of 11 sectors are down. Notable that the breadth bounce we saw in late Nov is now facing challenges this week, though the AAPL -0.19%  breakout and NVDA bounce are important and powerful forces within ^SPX 1.25%  - While the sliding VIX despite cross-asset volatility could be seen as complacent to some, and they're not wrong... when HIGH PERCENTAGE SPX names like AAPL breakout that represent 7% of SPX and 12% of QQQ, you pay attention
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