Tuesday, January 15, 2008

Appled out

Even Steve Jobs' predictably energized introduction of Apple's new movie rental service and razor thin laptop swayed the market little from an increasingly bearish temperament. Apple Inc. (NASDAQ:AAPL) turned Weak Bullish in Stock Trends most recent report, and today's drop to the $167 level makes the alert sound even stronger. Tech stocks are off their impressive highs of the final quarter of 2007 and the Nasdaq 100 is now threatening to dip to 1,800 - a remaining support level. Fellow tech darling Google (NASDAQ:GOOG) is also a new Weak Bullish stock - Stock Trends' earliest sell alert.
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