On Friday AMZN broke out in just the way we like it … and yesterday it was AAPL’s turn.
AAPL (Friday)
Now see what happened next … AAPL breaks out yesterday and has kept going today.
AAPL (breakout)
Again, it’s about as easy as it gets.
Quickly, on the indices …
SPY
The SPY’s OVI still can’t quite get over the zero hump. We’re getting closer to that resistance level and I’d like to see the OVI into positive territory before any break of resistance.
QQQ
The QQQ’s OVI is now showing a bit more consistency but the other indices aren’t playing along.
DIA
What’s up with the DIA’s OVI?! It just can’t seem to get going.
More to follow soon.
All the best
Guy