Below is a monthly semi-log chart of Apple´s stock price. It is obvious that the trend is up. What is even more interesting is what the lower panel shows. It shows the relative performance of Apple´s stock price against the S&P 500 index. In the middle of this year, the ratio line rose above its 2012 high while the stock price hit new all-time highs. This has to be considered very bullish for the broad market going forward, although a little rest is perhaps needed first.