SIA Charts Daily Stock Report (siacharts.com)
The SIA Daily Stock Report utilizes a proven strategy of uncovering outperforming and underperforming stocks from our marquee equity reports; the S&P/TSX 60, S&P/TSX Completion and S&P/TSX Small cap We overlay these powerful reports with our extensive knowledge of point and figure and candlestick chart signals, along with other western-style technical indicators to identity stocks as they breakout or breakdown. In doing so we provide our Elite-Pro Subscribers with truly independent coverage of the Canadian stock market with specific buy and sell trigger points.
Note: Subscribers can screen all Canadian and U.S. stocks and mutual funds, or as components of equally weighted mutual fund sectors indices (e.g. Income Trusts, Precious Metals), and fund groups by issuer (eg. AGF, Dynamic, Franklin Templeton), all Canadian ETFs, ETF Families by issuer (iShares, Horizons, BMO) or as components of Equally Weighted ETF Sector Indices (e.g. 2020+ Target date, Cdn Equity Lg Cap), and create and monitor their own, or SIA's existing model portfolios. Finally, subscribers benefit from being able to generate BUY-WATCH-SELL Signals on demand with SIA Charts proprietary Favoured/Neutral/Unfavoured, SMAX scoring algorithm (see green-yellow-red graph 1 below).
APPLE INC (AAPL) NASDAQ - Apr 02, 2013
GREEN - Favoured / Buy Zone
YELLOW - Neutral / Hold Zone
RED - Unfavoured / Sell / Avoid Zone
APPLE INC (AAPL) NASDAQ - Apr 02, 2013 - Apple Inc (APPL) has declined by over 23% since we last looked at AAPL in November of 2012 when it hit our SIA Sell Signals and fell out of the Favored zone of the SIA S&P 100 Report. Now in the 89th position of the Unfavored zone, AAPL is approaching support at $410.63 and below this at $394.68. Further support can be found at $357.48. Resistance above is found at $471.68 and at $531.19 if the weakness reverses. Apple has a near-term strength score of 2 out of 10 compared to other asset classes.
Back on November 8, 2012, Apple (AAPL) finished October on weakness which has continued on now into November. As a result, AAPL fell out of the Favored zone in the SIAS&P 100 Report yesterday and hit our secondary stops. Support is now at $523.57 and again below that at $474.21. Overhead resistance is at $589.62 and again above that $638.23.
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