Take More Profit Or Close Apple Trade

On February 24th we suggested it was time to take some profit in the Apple (AAPL) trade from 1/23/15.

A few days ago 7 day momentum from StockTwits broke below its uptrend line. As we mentioned in the above post, it’s time to take more profit or close the trade with a nice profit.

Please be aware that our social media indicators for the S&P 500 (SPX) Index warned last week of a short term top so AAPL may get dragged down with the general market. As a result, it might be most prudent to close the trade completely.