By Jeff Pierce

Strong emerging markets indicate stability around the world which means the US markets could continue to rally. This has moved up slowly and is not overbought at all.

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If I had a large long position I’d be looking to unload as this chart is all but saying it’s about to pull back.

tsla

 

Today’s move could be a sign that AAPL has topped. Let’s see how it responds to support, indicated by the previous 2012 top. This is another stock I’d be a seller of, but not a shorter. There is a big difference in those trading stances. You don’t short strength, but at some time it’s smart to take money off the table.

aapl

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