Apple not the bull it used to be

Wholesale Direct Metals reviews the latest market data.  So far in September, only United Technologies UTX, +0.44% shares are faring worse than Apple AAPL, +0.26% among the blue chips, yet the Dow industrials keep breaking into uncharted territory.  Is there a change afoot? Yes, according to Saxo Bank technical analyst Kim Cramer Larsson.  “Apple has led U.S. indices to new highs for a long time, but this practice now seems to be over,” he said. “The recent highs in the S&P 500 SPX, +0.12% DJI DJIA, +0.20% and even the COMP, +0.11% ave not been because of new highs in Apple.” This activity is significant in light of the latest reports filed by Wholesale Direct Metals.