AAPL bear signal

The computing company Apple, AAPL,  is showing a psar bear signal at the end of a week-long sideways trend.

The sto has moved from overbought to neutral -- a bear sign, like paw-prints -- and the macd has declined for seven days toward the zero-line, although it remains in bull territory.

	trend	adx	psar	pps	macd	sto
AAPL $222.09

The adx, at 29, is just on the cusp of the lower limit for whipsawlessness. And AAPL, with two whipsaw periods shorter than a week in the last months, can be as whippy as Indiana Jones on a very irritating day.


A close below the nearest lower reversal point, $220.25, would confirm the downward trend. A close above $226.45 would suggest a false signal.

You are here:

• Reversal
• $227.73, +2.5%
• $226.45, +2%
• Now $222.09
• $220.25, -0.8%
• $195.71, -11.9%
• $190.85, -14.1%
• $190.25, -14.3%

If it really is a downward move, there's room to fall before resistance, especially that one giant step for around $220 down to just below $196.

This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.


Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic 

This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.


About the glance:  The colors indicate the state of each signal.

• trend: green for up, red for down, yellow for sideways
• adx: green for above 30-up, red for 20-down, yellow for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.