Stock Scan Observations
By Jeff Pierce
Strong emerging markets indicate stability around the world which means the US markets could continue to rally. This has moved up slowly and is not overbought at all.
If I had a large long position I'd be looking to unload as this chart is all but saying it's about to pull back.
Today's move could be a sign that AAPL has topped. Let's see how it responds to support, indicated by the previous 2012 top. This is another stock I'd be a seller of, but not a shorter. There is a big difference in those trading stances. You don't short strength, but at some time it's smart to take money off the table.
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