Saturday, February 23, 2019

Indices Outpace Large Cap Stocks


The major US equity indices (located on the far right) continue to technically outpace some the larger cap names like Apple, Amazon & Alphabet. The one exception being Microsoft, which like the Dow (DJIA), seem poised to retest last years highs.


STRATEGY:

LONG:  BA, NFLX, MSFT


AAPL:
   
       Aggressive BUY on positive resolve of current 2-week bull flag or
       BUY on a pullback to the 20-day MA &/or 168.33 or
       BUY near 161.01 gap top or 50-day MA

       IGNORE BUY ideas & implement SELL if bull flag resolves negatively and price-action  
        fails to reclaim 168.00/33 after breaking below it.

AMZN:

       Aggressive BUY on clean break of the 20-day MA  or
       BUY on a pullback to the 50-day MA or near 1566/77 or marginally below it or
       BUY near 1520  or 1460 

       IGNORE BUY ideas & SELL if 1566 fails to hold and reverts as resistance