May is definitely one of the worst months to be in the stock market and it seems that this year this pattern will continue. Regarding specifically the Apple
stock, the formation of massive bearish
'engulfing' pattern accompanied with much above average volume
shows that the big, smart money has 'distributed' its holding into weak hands and thus I expect a bearish
picture for Apple
The first target for this bearish
onslaught will be the 119.57 level and we should watch what will the market dictate when the price reaches there.