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Swing trading stocks and ETFs with a solid approach to technical analysis.

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Morpheus Trading Group
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Morpheus Trading Group - swing trading blog
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Advanced Technical Analysis of ETFs
  • Why This Correction In Shares Of Apple Is Different ($AAPL, $QQQ) 0 comments
    Nov 5, 2012 7:29 AM | about stocks: AAPL, QQQ

    After just a one-day bounce off its lows on November 1, the Nasdaq 100 Index ($NDX) plunged right back down to pivotal, long-term support of its 200-day moving average just one day later. Why is the Nasdaq displaying such relative weakness to the rest of the major indices? Blame it in no small part on the persistent bearishness and downright ugly chart pattern of Apple ($AAPL), a former market leader and heavily-weighted stock within the Nasdaq 100 Index.

    AAPL stock has had numerous, short-lived pullbacks in recent years, but this time is different and the stock is technically in trouble... [continue reading at original source]

    Stocks: AAPL, QQQ
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