Categories
Tech

Apple, Inc (AAPL) : Bearish below the kumo. Sharp drop

 

I have placed my bearish bets on various counters since early April.

Among one of the counters I use as a proxy indicator for the market is Apple (AAPL). AAPL has dropped quite a fair bit since early April.

In fact, from the Ichimoku Daily Chart, we can clearly see how AAPL has dipped below the kumo support.

Since then, there is hardly any upward movement. On top of that, the weightage for AAPL in the index has also been reduced. This could also be part of the reason for the drop.

Note:

Use various leading counters with the index chart to form an opinion. Look for signs that suggest things are going to change.

Categories
REIT

Credit Suisse Selling ACC and ARE among many others.

GR pointed me to the MMFAIS site, highlighting how CS has been selling lots of stuffs (err.. I mean holdings).

Among the very long list includes counters like ACC and ARE; both are REITs.

The interesting fact here is 100% of both counters are sold off.

A lot of the sales took place this month (May 2009).

Maybe, it does not mean anything at all. Since I do not know how CS operates. But, I guess 100% sale can suggest that it is not attractive to hold them long term.