AAPL's influence

We had a negative divergence at the last update, actually we still do, but watch what happens when AAPL touches support at yesterday's close...

The red arrow marks the area of the negative divergence in the market, we are looking at AAPL intraday and the SPY in white, the decline from the negative divergence started and AAPL touched support at the trend line which bounced AAPL and the market.

After reading last night's breadth post, one of our members sent me this chart which I decided to post in light of the subject of this post.

Back in 2007, GOOG was one of the market fulcrum stocks...

This chart compares GOOG from 2007 to AAPL now, I thought it was interesting since AAPL is the fulcrum stock I've been talking about the last week and a half, looking for a strong head fake move in AAPL...