Wednesday, December 2, 2009


AAPL has been by far one of the premier, if not the premier, stock in the market leading tech sector.

However tech is starting to lag. The same thing happened as the market was topping out in early `04.

Yesterday despite the market rallying strongly our premier stock in the leading sector dropped almost 1.5%. That's probably a warning sign in my opinion.

But let me show you what else happened. AAPL marginally broke the uptrend line from the March lows yesterday.

It's a bit hard to see in the expanded chart but here is a close up of the same chart.

I've gone over several of the warning signs that are starting to crop up lately and this is just one more.