So it seems that markets are cooperating and pushing higher as expected. (see DIA crossed bullish). DIA did beat it’s 103.26 resistance from June 3rd and pushed higher. That’s a good sign for markets as a whole. AAPL was much more cautious and didn’t break through it’s most recent high of 265.55 from the same date (although RIMM did beat it’s own).
Stochastic on daily charts is getting exhausted and approaching 80%. This may cause short “breathe out” and pullback of DIA (DJIA ETF) to 101-102 levels. Which I would actually appreciate instead of pushing up higher in “one lump” and then crossing back because of bearish cross on MACD. Generally though markets seem to be wanting to go higher.
For AAPL major resistance is of course that big 265.55. If RIMM beats, it should lift AAPL closer to those levels. Then it will be matter of whole market pushing higher (which it seems it wants even if it may pull back a bit because of that exhausted stoch) giving extra wind to AAPL to push through it. If it does, it should be some fireworks (breakout) because just few points above it is all time high of 272.46 which when cracked should become new support.
Here is one more thing. Looking at 2 years weekly chart, AAPL looks exhausted and ready to pull back (that’s big big investor time frame). But look at DIA in the same time frame, shows exactly opposite thing. It is ready to go up. So I thing market as a whole will help APPL to offset that pullback as it wont get you very far walking back on the bus that is going forward



