October 16, 2017 | AAPL Buyers Are Back, Leading the Charge

With Apple, the world’s most valuable publicly trade company, strongly on the move again, bears had better be extra cautious shorting into the rally regardless of which vehicle they choose. In the latest updates to my touts (see below) I’ve identified some high-odds spots to try fading the trend, but only with very tight stops in case the bull-that-won’t-correct continues do to what it has been doing for eight-and-a-half years. For its part, Apple looks bound for at least 165.97, a longstanding target that lies about 4% above Monday’s close. If the stock is in fact on its way to new all-time highs, the broad averages are likely to follow.
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Rick Ackerman October 16th, 2017
Posted In: Rick's Picks