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SPY ETF/AAPL PVT:  Apple Break Out?
​March 30 2016 ( From Stockcharts , Columbus Dispatch, Barchart, TradingView  )
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The Situation

​​​
We observed that the Price Volume Trend of the SP500 tend to ​turn
​earlier ​and or confirm the trend of the Mighty SP500 as you may see
​in the chart below... The same idea for Apple Shares (AAPL).

​​
Since bottoming out on January 27 2016, Apple PVT have been into
a painful grind in a narrow uptrend channel.
​​ ​(See Second Chart Below - Bottom Panel - Blue Line - Channel)​

SPY ETF PVT made a low in this cycle only on February 11 2016, quite
later than Apple shares​... ​ ​(See Second Chart Below - Bottom Panel - Blue Line)​

​​Some Technical Observations:
- On SPY ETF we broke on the upside the 20 DMA (Day Moving Average)
​on February 16 then at ​188.48 (See First Chart Below - Top Panel - Yellow Line -
​Ellipse)
and the 50 DMA on ​February 25 then at 194.48​ ​(See First Chart Below -
​Top Panel - Red Line - Ellipse)​
and most importantly the 200 DMA on March 11
then at 202.11. (See First Chart Below - Top Panel - Green Line - ​Ellipse)

​- In the case of Apple Shares, it did catch up tremendously on February 24; ​we did  break the 20 DMA then at 95.47 (See Second Chart Below - Top Panel - Yellow Line - Ellipse) ​and the 50 DMA on March 1 then at 99.20 ​(See Second Chart Below - Top Panel - Red Line - Ellipse)​ but still not above the 200 DMA at 111.67.

​But the most crucial technical factor is that Apple Shares finally did break the Major Resistance Trendline on PVT that started back from August 17 2015 
(See Second Chart Below - Bottom Panel - Red TrendLine - Ellipse)​ and now challenging the low made on August 25 2015. (See Second Chart Below - Bottom Panel - Yellow TrendLine - Ellipse)

And also late at the party compare to the SPY ETF, Apple Shares also broke a Major Resistance Trendline in price that started back since November 4 2015.​​ (See Second Chart Below - Top Panel - Amber TrendLine - Ellipse)

As Apple Shares broke its resistance trendlines (PVT wise and on price),​​ it could start finally to outperform the broad market (SPY ETF).



​​​

"To fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting."

-Sun Tzu, the Art of War

SPY ETF/AAPL PVT: Apple Break Out? $SPY, $AAPL  #Trading #investing #aapl #SP500
Price Volume Trend - a Definition (from Stockcharts.com)

​​PVT is a leading indicator for future price movements. Although interpretation of PVT is similar to the OBV and the Accumulation/Distribution indicators, PVT more accurately demonstrates the flow of money. PVT adds only a proportional amount of volume to the indicator, whereas OBV adds the same amount of volume not considering whether the market closes up a fraction of a point or triples in price.

1.Rising PVT means new money, sometimes referred to as "smart money, " is flowing into the marketplace. The result will be that the present trend will continue. Accelerating PVT rise indicates that "the masses" are joining the new price trend.
2.If the PVT then levels off, it is often an early warning that the trend is finishing.
3.Declining PVT indicates that the smart money is liquidating.
4.If the PVT moves sideways or falls while the price is rising, the increase in price is not confirmed and a market top or bottom may be indicated.
SP500 Index ( SPY ETF - Top Panel )
​​20 DMA ( Yellow Line )
50 DMA ( Red Line )​​
​200 DMA ( Green Line )​

​Price Volume Trend ( Bottom Panel - Blue Line )

Financialiceberg.Com
Apple Shares ( AAPL - Top Panel )
​​20 DMA ( Yellow Line )
50 DMA ( Red Line )​​
200 DMA ( Green Line )​

​Price Volume Trend ( Bottom Panel - Blue Line )
Financialiceberg.com