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Is The Bull Market On Its Last Legs?

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What's Behind The Global EV Sales Slowdown?

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From Train - To Drain

We continue to view Apple as a stock largely dissociated from both fundamentals and technicals - and primarily trading under the Universal Law of Gravitation. And although Apple's mass is diminishing by the week - the backside of the great momentum train that was Apple has become the great momentum drain.

Despite the inevitable retracement - we still feel it will continue to bounce down. The massive 2008 momentum breakdown in oil has provided a prescient roadmap to date.

Apple 2011-2013 versus Oil 2007-2009 Weekly Chart

Apple 2013 versus Oil 2008 Hourly Chart

Oil 2008 Hourly Chart

Apple 2013 Hourly Chart

 

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