In Play Today: Apple, Gingrich, Dollar
Apple as we have been pointing out recently is an early warning stock at this somewhat overbought level. CNBC’s Kudlow last night had a couple of perma-bulls saying that part of the reason that they have been long stocks was because of Romney’s strength. Now with Gingrich rising they are selling out. Interesting. And the dollar index back-off which started around the new year may be close to support levels. Currently the 79.10 area is ideal support and 82.00 has been the recent high.