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
