At the close April 26, 2016 the shares of Apple Inc.
closed at about $104 and after the close the business media lead with, “Apple's
revenue falls for first time in 13 years” To the technical analyst who looks at
very long term charts – today was no surprise so let us re-visit a post of last
June 2015 - with the original chart, and I quote.
“I see Apple Inc as built a triple top on a point
& figure chart. I love P&F charts because most of the squiggly line
guys never
use them.
Apple Inc was added to the DJII March 2015 suggesting
that Apple is in transition from a growth stock to a value stock. In other
words – the great 2001 – 2015 growth period may be over. Some past DJII growth
to value stocks - Cisco Systems added in June 2009. Bank of America and Chevron
added in February 2008, Intel and Microsoft were added in November 1999
Honeywell was dropped from the Dow in February 2008
and has doubled in price – now a true growth winner – Alcoa also doubled in
price after being dropped in September 2013
Posts
2 comments:
You were 100% correct about BRK. Do you think QQQ & tech lags the market from here? What do you think will lead?
Shawn
Good question
I think the new leaders are technology and the industrial sectors
The QQQ could be hobbled by the health care stocks
Bill C
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