Indices Outpace Large Cap Stocks

 


The major US equity indices (located on the far right) continue to technically outpace some the larger cap names like Apple, Amazon and Alphabet with the one exception being Microsoft, which like the Dow (DJIA), seems poised to retest last years highs.
 

STRATEGY:

AAPLAggressive BUY on positive resolve of current 2-week bull flag or
       BUY on a pullback to the 20-day MA &/or 168.33 or
       BUY near 161.01 gap top or 50-day MA

     IGNORE BUY ideas & implement SELL if bull flag resolves negatively and price-action    
fails to reclaim 168.00/33 after breaking below it.

AMZN: Aggressive BUY on clean break of the 20-day MA or
       BUY on a pullback to the 50-day MA or near 1566/77 or marginally below it or
       BUY near 1520or 1460  

     IGNORE BUY ideas & SELL if 1566 fails to hold and reverts as resistance 

Disclosure: None.

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