Friday, December 7, 2012

Where the 'Apple' falls...can the NDX100 be far behind?

Apple (APPL): Daily Chart Close @ 12/06/2012
The impending Negative Cross on the 50/200day SMAs is now hanging over not only Apple; but the NDX100 (APPL: 15% Index).
Whilst Friday's Non-Farm Payrolls are the major catalyst for markets in general; Apple demands scrutiny as its influence is substantial both in weighted terms on indices (NDX & S&P500), but also in 'sentiment'.