Apple: Death Cross Confirmed

Apple shares are down another 3% today, with the stock trading around the $530 level.  Apple has now confirmed the death cross – the 50-day moving average has moved below the 200-day moving average.  This is a massive negative for this stock.  As I have been writing for a very long time, Apple has lost its luster.  I may consider buying it around the $400 level, if the overall economic and market environment is favorable, and if the fundamentals are still in place.

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