Its not just the ASX200 that’s been tricky to pick of late, the US markets is witnessing significant divergence across its spectrum of stocks. Heavyweight Apple remains over 15% below its all-time high even as the S&P500, Dow & Russell 2000 make fresh all-time highs. At this stage we’re targeting a recovery back towards $US130 for the tech giant, in-line with our call for a bounce by the IT Sector but medium-term we are nervous that this household name has already posted a major top.
MM sees Apple up ~6% short-term.
Add To Hit List
