Here is why I would not buy AAPL at current levels...

AAPL – I would not buy AAPL at current levels because it is rangebound and the momentum is neutral. In addition, the technology SPDR (XLK) is testing its uptrend and support. The recent highs for AAPL were around $160. I would consider buying it if it broke through that level. The recent lows were around $140. I would consider selling it below that level.