Can Apple's Leadership Spread Out to the Rest of the Market? – RealMoney

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Shares of Apple (AAPL) have pushed up to a new high this week. Prices have been making higher lows and higher highs (the simple definition of an uptrend) since 1985 – a long track record. Apple has been both a technology leader but also a stock market leader. Let’s check out the charts and indicators.
(Apple is a holding in the Action Alerts PLUS member club. Want to be alerted before AAP buys or sells AAPL? Learn more now.)
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Stocks are never going to do precisely what we hope they will do.
It’s an oft repeated phrase, but perhaps repeated so often because it holds some wisdom: ‘Be greedy when others are fearful.’
But a move in the other direction is hard to time — especially when mainstream business media have their eyes closed to the all the stocks acting poorly and only focus on the indexes.
ESTC is an interesting consideration if you’re looking at downside momentum continuing next week.
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