Can Apple’s Services Segment Offset iPhone Weakness? (NASDAQ:AAPL)
Can Apple's Services Segment Offset iPhone Weakness? (Rating Upgrade)
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Blog Post: Day 6 of $QQQ short term down-trend; 74 US new highs and 97 lows; Friday’s late bounce held $QQQe above its 30 week average, but major indexes closed below their critical 10 week averages; GMI=RED and cash is king; See weekly 10:30 chart of $QQQ and my explanation.
This weekly 10:30 chart of QQQ shows it to have closed (gray line) below its 10 week average (dotted line) on above average trading volume. Compare this pattern to the decline last March and April. The question remains whether QQQ will retake this average or decline to the 30 week average (red solid line) or…
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