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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

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Wednesday, March 08, 2017

CIA, WikiLeaks & iWatch

In this new world of technology and its attendant problems of the hacking of gadgets and products, Apple's iWatch now takes on a whole new meaning after WikiLeaks published material yesterday that is purported to be CIA documents and files related to U.S. intelligence cyber and spying activities.

Apple (AAPL) is nearing a convergence of a couple of Fibonacci levels that may serve as resistance around 145.00-146.00, as shown on the following Weekly chart.

We may see a last-gasp spike towards that level before Apple's market participants decide whether or not they may be influenced by further information and any consequences that may unfold from the above referenced document dump.

Weekly volumes have been lower than average for a few weeks, so I'd watch for an accompanying high spike in volumes as a hint that a top may have been reached.

AAPL Weekly