I present you with the weekly chart of AAPL
http://stockcharts.com/h-sc/ui?s=AAPL&p=W&yr=2&mn=0&dy=0&id=p62665998724
RSI > 30 ; therefore, the stock is not yet oversold
OBV is going down
MACD crossed down
You can play the bounce, but I would not hold too long.
Posted by
Unknown
at
9:10 PM
beanie,
Name you time frame and I will bet you that SLX or MOO will outperform PBW.
3 years from now:
PBW from 25 to 100 (hell yeah!)
SLX from 88 to 350
MOO from 53 to 210
NLR from 39 to 155
Which is more likely? PBW, back up 9 trucks.
Btw, PBW is an etf. Nothin wrong with 50% of your money in it. Just watch the sector and watch the chart for developments.
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