Today was a very light volume day due to the Veterans day holiday.  The major indices are just hanging around right now.  There are not many set-ups out there.  Let’s look at one more of the market leaders.

In mid October (AAPL: 258.77 +6.60) gapped up after its earnings report.  The stock then filled its gap and almost tested its 50 day moving average.  Now, the stock has traced out a little cupping pattern.  I would watch this stock at new highs on heavy volume.  The $209 level on heavy volume would be a new buy point.  Average daily volume is about 21 million shares per day.