Apple Inc (AAPL)

[Bootz]

APPLE, MICROSOFT AND ORACLE SURGE... The big three hold the key to QQQ and chartist can watch key support levels for clues. Chart 4 shows Apple (AAPL) moving higher the last three days. Monday’s low marks key support at 370. CCI turned positive in late August and remains positive. A move into negative territory would be bearish for this momentum indicator. Chart 5 shows Microsoft (MSFT) holding above its June low and surging above 26. Not many indices or stocks held above their June lows in August. This shows some relative strength. Uptrend support is set at 25.25, which is based on Monday’s low. Chart 6 shows Oracle (ORCL) forming a higher low in early September and surging above 28 today. The September lows mark key support. The TRIX (10,6) oscillator moved above its signal line in late August and remains in an uptrend. This upswing is in good shape as long as TRIX holds above its signal line.