Having 'predictweeted' Dow 22k yesterday, Apple's 6% surge (after missing iphone sales estimates) has confirmed President Trump's forecast and crossed the Dow Maginot Line for the first time... as Trannies diverge drastically (testing the 200DMA).
We note that Dow Futures briefly spiked above 22,020 last night...
But as the cash market opens, The Dow is now above 22,000...
It is worth noting that after Boeing's epic efforts to support The Dow in the last week, Apple is now adding 64 points to the index today (which is up just 32 points)!!!
VIX was pushed back to a 9 handle for good measure.
Here's why The Dow is surging...
Oh no sorry, here's why...
But 'Dow Theory' is not buying it - Trannies are testing their 200-day moving average, massively diverging from Industrials...