Apple beginning to recover

The chart is beginning to improve on Apple (APPL). Today I see the money stream breaking through which is good news. I also see that the 10 day is about to cross the 20 day moving average and the 50 day moving average got penetrated for the first time in a while. My daily activity is above the 10 and 20 day moving- all good signs. The next resistance is at about $465. It has had a good rally this week so let’s see if the momentum can keep going. My long term chart is just great. I feel the bottom has been put in. Lets hope the market stays strong and this should help the stock.

Tomorrow is first day of May. They say sell in May and go away. The charts are indicating this. The Market nearly always goes up on the 1st day of each month. This is when pension money is put to work. So lets be careful after tomorrow.