Update to Thursday�s Dec 1st recommendations for AAPL, XOM, IBM:
AAPL � APPLE- Daily
Near Term Trend: Neutral to Negative
Wednesday�s Close: $389.70 (-$1.77)
UPDATE: Three months ago, as AAPL was trading near $395.00, we stated, �If you are looking to get long, wait for a retrace (pullback), at minimum, to the first Fibonacci retrace region of $363.00�.
Subsequently the market dipped below $363.00, and for those who wanted to go long, should have at that juncture.
35 days ago, as the market was trading $419.00, we stated, �Book partial profits�.
At this juncture, book additional profits, and stay with 30% of your normal position size.
XOM � EXXON MOBILE � Daily
Near Term Trend: Positive
Wednesday�s Close: $79.70 (Unch)
UPDATE: Three months ago, XOM was trading $69.78, we stated, �If one believes Crude Oil�s recent dip toward $75.00/ barrel will be an intermediate term low; I would recommend buying a 20% allocation into Exxon at this juncture. Add to that position on strength, close above 72.50�.
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