Apple closed down 2.15% to $533.55. It is still very much in an uptrend and until $527 breaks, investors shouldn’t have anything to worry about. The SPY gapped down about 30 minutes into trading and made a low at $136.28. It rallied back and closed at $136.81. Last night around 1am Pacific Time; Dow Futures were off 70 points. The Dow only closed down 15 points at the end of the cash session today. The S&P is up over 8% so far this year. The SPY looks like it has broken down from its 12/19/11 – 3/2/12 trend but more time is needed for confirmation. Google was down 1% to $615.08.
Written by Cam Patrick
@Cam_Patrick