I continue to say that the bull run in Apple will soon be finished. The divergence between the rising stock and the down trend in RSI is visible. The problem is that in Nasdaq and Dow Jones you can see the same thing. The economical cycle is almost finished. You can look at the indicators. They are all slowing:
United States ISM Purchasing Managers Index (PMI) - July: 58.1 - Estimate 59.5
United States ISM Non Manufacturing PMI - July: 55.7 - Estimate 58.6
United States Building Permits -July: 1.311 - Estimate 1.4
United States Consumer Sentiment - August: 95.3 - Estimate 98
United States New Home Sales -July: 627 - Estimate: 645
United States Existing Home Sales -July: 5.34 - Estimate 5.4
United States Durable Goods Orders - July: -1.7% - Estimate -0.5%
My view is that september will be a very big stress test for the US Market. The graphic of the Dow Jones index is very similar to the one in 1929...even the market sentiment is the same
China - US trade war, Trump's impeachment, inflation rising, FED's rising rates, North Korea etc --- anything can go wrong...and from that point, the market will start fearing and puking
United States ISM Purchasing Managers Index (PMI) - July: 58.1 - Estimate 59.5
United States ISM Non Manufacturing PMI - July: 55.7 - Estimate 58.6
United States Building Permits -July: 1.311 - Estimate 1.4
United States Consumer Sentiment - August: 95.3 - Estimate 98
United States New Home Sales -July: 627 - Estimate: 645
United States Existing Home Sales -July: 5.34 - Estimate 5.4
United States Durable Goods Orders - July: -1.7% - Estimate -0.5%
My view is that september will be a very big stress test for the US Market. The graphic of the Dow Jones index is very similar to the one in 1929...even the market sentiment is the same
China - US trade war, Trump's impeachment, inflation rising, FED's rising rates, North Korea etc --- anything can go wrong...and from that point, the market will start fearing and puking