Stock Market Update: January 7 2019

We saw a bounce last week in the markets, but don't let that fool ya, we are still in stage 4. 

Everyone  if freaking out over Apple's decline and sales decline forecast. A good article on it by John Murphy can be found over at StockCharts. A look at Apple's aapl chart shows it is in a Stage 4 decline. Personally, I like their products, but think the exorbitant price tag on the latest phone is ridiculous!

Happy New Year!