$AAPL Chart Checkup, 5/8/14: Fuel for the (Short-Term) Bear Case?

Another wild day for the markets…basically with a reversed storyline from yesterday. I’ll leave it to the plethora of other market commentators/news sources to tell you about the outgoing whipsaw-ness of it all.

The AAPL daily chart might be concerning for short-term bulls, depending on tomorrow. And the hot-off-the-press Beats Electronics acquisition talks might weigh, or they might not – I haven’t a clue.

Anyway, let’s take a look at AAPL charts going into Friday, subject to my ever-present disclaimers and the still-highly-uncertain market context (me personally, it feels dangerous to be a dedicated bull in this market, but who knows). Continue reading