A self-explanatory chart of two of the old tech guard. I would like to buy both of these back for a potentially quick trade at the shaded support zones. AAPL is clear. MSFT has a gap at a lower support zone. That looks like a tough fill, but I have seen stranger things happen. I may hold out for that lower level.
Would-be buys on these items – and really, the INDY traded noted earlier – are predicated on continued/resumed market strength into January. If the market should go sour in earnest, all bets are off and my watch list will be focused on the gold sector.
This is just an idea for a Santa rally if one is in the offing prior to expected market disruptions early in 2014.