Apple Falls Below Key Level In Heavy Volume, But Is It A Sell Signal Or No?

Apple (AAPL) is falling nearly 2% in heavy volume, breaking below a significant technical level. With the breach of the 50-day line, that also puts Apple below a prior buy point at 156.75. But the key question here: Does Apple's action result in a sell signal? The short answer is that it depends on how the stock closes today, and whether you're a long-term or short-term shareholder. Apple was down 1.9% to 155.67 in afternoon trading in the stock market today, tumbling as low as 153.83 on Apple Watch connectivity concerns. Volume is more than double normal levels. If Apple closes below the 50-day, it could be seen as a sell signal for those that bought the stock at the 156.75 entry. But we need

US stocks wobble after Fed announcement, but close higher

U.S. stock indexes overcame an afternoon wobble to close mostly higher Wednesday after the Federal Reserve said it would start reducing its huge bond portfolio next month and was still on track to raise interest rates later this year. The central bank's announcement drove bond yields higher, lifting shares in banks and other financial companies. Banks benefit from higher bond yields because it means they can charge higher interest rates on loans.

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  Top 5 Things to Know in the Market on Wednesday

  Investing.com
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  As the Fed unwinds its balance sheet, here's how to watch your wallet

  The Street

GE Cuts Corporate Jets as CEO Pushes $2 Billion Savings Plan

General Electric Co.’s cost-cutting plan is claiming a high-profile victim: the company’s corporate-jet fleet. Under new Chief Executive Officer John Flannery, the manufacturer is turning the page on an era when it would hand top bosses the keys to its private aircraft. Starting Wednesday, flights will be scaled back and replaced as needed by charter services, the Boston-based company said in an emailed statement. GE intends to sell the jets, it said without providing fleet details. The straitened approach to air travel is part of GE’s plan to eliminate $2 billion in expenses by the end of next year, a target the company agreed to in March after talks with activist investor Trian Fund Management.

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  General Electric is grounding its fleet of corporate jets to save money

  CNN Money
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  General Electric will stop using private jets in latest cost-cutting measure

  CNBC.com