AAPL vs Gold: Parallel Bull Market Structures

gold discoballAAPL vs Gold.  Got your attention?  Okay, I’m having a little bit of fun here. But really, there is a rhyme and reason to time and price, and how investors herd to a particular stock, commodity, or new trend. A look at a chart of AAPL vs Gold highlights the parallel bull market structures… and declines.

Investor psychology is reflected through price movement and is a big reason why I am a proponent of technical analysis. Support, resistance, trend following and exuberance.

Later today I’ll post a chartology on the Gold, looking at past levels I’ve mentioned, and highlighting some key levels to watch going forward. I recently commented on the technical setup for Apple (AAPL) as well.

Trade safe, trade disciplined.

AAPL vs Gold (GLD) – Bull Market Chart

aapl vs gold chart

Twitter:  @andrewnyquist  and  @seeitmarket

No position in any of the mentioned securities at the time of publication.

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.


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