Is the Apple Bounce Over ?


Is the Apple bounce over?  See chart here with a comparison of the Apple stock price to the XLK Technology Index ETF.  What we see is the potential of a head and shoulders relationship in comparison to technology stocks. 

In plain terms Apple from 2009 to mid 2012 was much stronger than the XLK ETF. Since then Apple has lost relative momentum but has seen a bit of a bounce recently.  Now with the general stock market at resistance levels, we see Apple declining more than than the broad index.

Apple as a company has produced some major innovative products but the rest of the industry now has the public picture and is rushing to compete.

Leave a Reply

Your email address will not be published. Required fields are marked *

one × three =