Shares of Apple (AAPL) have pushed up to a new high this week. Prices have been making higher lows and higher highs (the simple definition of an uptrend) since 1985 - a long track record. Apple has been both a technology leader but also a stock market leader. Let's check out the charts and indicators.
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These recently downgraded names are displaying both quantitative and technical deterioration.
The big question now is whether the selling over the new variant was severe enough to produce some bounce action next week?
My view is to eat some leftovers, let the rest of the day play out, and come in fresh on Monday.
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